KuCoin crypto exchange valuation reaches $10 billion
The estimated value of the KuCoin cryptocurrency exchange rose to $10 billion after a $150 million investment round. As part of the investment round, the exchange attracted investments from Jump Crypto, Circle Ventures, IDG Capital, and Matrix Partners.
Crypto exchange KuCoin plans to spend funds to improve the performance of the trading system, support global regulation efforts. KuCoin also plans to improve security and risk management systems.