KuCoin Announces $10 Million Strategic Investment From SIG
Cryptocurrency exchange KuCoin announced about attracting strategic investment of $10 million from trading company Susquehanna International Group (SIG).
KuCoin plans to use the raised funds to modernize the platform's infrastructure and hire new employees.
In addition to investments, the two companies will also cooperate in incubating blockchain startups and creating the KCS & KCC ecosystem.
SIG investment team
This partnership is an important step for SIG that illustrates our strive to partner with the best players in every field. KuCoin is one of the fastest-growing crypto stars with an agile growth strategy and a forward-looking team. We believe this cooperation will create a synergy between SIG and KuCoin, benefiting the crypto industry by bringing it to a wider audience,
KuCoin Token reacted positively to the news of KuCoin Announces $10 Million Strategic Investment From SIG. The KuCoin Token capitalisation rised by 2.31 % after the announcement.
KuCoin is a world-class blockchain asset trading platform that provides cryptocurrency trading services to millions of users in over 100 countries and regions. KuCoin also supports KuCoin Shares (KCS) and KuCoin Bonus, which are two special features that allow users to earn daily passive income.