Web3 is coming to KuCoinCrypto exchange KuCoin is sitting pretty at a valuation of $10bn, raising a shed load of money in a round of funding set to expand its web3 horizons.
- In its latest funding round, KuCoin drew in $150m to raise its total valuation to a whopping $10bn. The world’s fifth-biggest crypto exchange (in terms of volume) welcomed investors including Circle Ventures – the peeps that issue stablecoin USDC.
- What’s it gonna do with the money? Well, KuCoin wants to explore the decentralized world and step up to the opportunities of the web3 economy, creating private crypto wallets and launching DeFi and NFT platforms.
- KuCoin’s native token KCS was up 2% on Tuesday. It’s holding up fairly well (all things considered) – down only 18% in a week which saw much bigger losses for altcoins elsewhere.
Rohit Choudhari / Unsplash
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