Singaporean Bitcoin Exchange Quoine Raises $20m for Japanese Expansion
Posted: Mon Jun 20, 2016 9:11 am
Singapore based Bitcoin exchange QUOINE announced today the successful completion of its Series A funding round, raising up to $20 million. The round was led by Japan’s largest venture capital firm, JAFCO (formerly the Japan Associated Finance Co., Ltd.).
QUOINE was founded in 2014 and this year has introduced futures trading on Ethereum (ETH) and Bitcoin (BTC).
Commenting about the plans for the use of the new capital, the startup’s management wrote: “Our fundraising has come at a crucial time for the digital currency industry in Japan, as the Japanese government recently passed a bill that officially recognizes and regulates digital currency exchanges. ... (read more)