Crypto exchange KuCoin raises funds at $10 billion valuation

KuCoin’s valuation has surged to $10 billion in its first financing round in four years as the global cryptocurrency exchange looks to make a deeper push into broadening its web3 ecosystem, it said Tuesday.
The Seychelles-based firm said it has raised $150 million in a pre-Series B financing round led by Jump Crypto. Circle Ventures, IDG Capital and Matrix Partners also participated in the new round, KuCoin said.
The four-year-old platform is valued at $10 billion in the new round, up from $100 million following its $20 million Series A in November 2018, KuCoin chief executive Johnny Lyu told

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