‘The People’s Exchange’ KuCoin lands major funding

Singapore-based crypto exchange KuCoin has raised $20 million in a Series A funding round headed up by IDG Capital, Matrix Partners and Neo Global Capital.

It will use the cash for such initiatives as bringing the KuCoin platform 2.0 to life, increasing customer support staff to offer concierge-level service to traders, expanding globally by concentrating on targeted markets, and accelerating research to find the best blockchain projects.

The company says: “We would like to thank our new partners as well as our users who have helped us grow. We will continue to spare no effort in exploring the best hidden gems in the crypto world while growing exponentially on a global scale and, more importantly, solidifying our position as ‘The People’s Exchange’.”