July 22, 2022

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.

kucoin token

Jack Evans

About the author

I became a crypto asset owner in 2014, when the industry was in its infancy. Before that, I was working in the classic US and European stock markets. Since then, I have gained extensive experience in both cryptocurrency investing and day trading. I am happy to share with readers my experience with crypto exchanges, DeFi and NFT instruments. 

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