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Crypto Exchange KuCoin Scores Funding at $10 Billion Valuation

  • IDG, Matrix also invested in the $150 million financing
  • Bitcoin plunged below $30,000 for the first time since July
Cryptocurrency Companies Photo Illustrations

Photographer: Jakub Porzycki/NurPhoto/Getty Images


KuCoin, one of the world’s most popular crypto-exchanges, has raised $150 million from investors led by Jump Crypto, boosting its valuation to $10 billion.

Circle Ventures, IDG Capital and Matrix Partners took part in the pre-Series B financing, the Seychelles-based startup said in a statement. It will use the proceeds to expand in decentralized finance and non-fungible tokens via its own venture investment arms.