Singapore’s KuCoin Hits Funding Target Despite Bearish Markets

Singapore based KuCoin crypto exchange has raised $20 million in its first round of financing. The news comes as cryptocurrencies continue to get battered in a year that has seen the market crash by over 70%.
$20 Million Raised in First Round
According to the official announcement the series A round of financing was led by global venture capitalists including IDG Capital, Matrix Partners and Neo Global Capital. KuCoin opened in September 2017 and has now achieved over 5 million registered users,