Bitcoin and IDG Layout Japan Exchange, Liquid Completes Series C Financing, Valuation $1 Billion

Japan's cryptocurrency platform, Liquid.com, was supported by Bitmain and IDG Capital in a round of financing, which the company said makes it the latest encrypted unicorn, meaning the exchange is valued at more than $1 billion.

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(Source: pixabay )

The company, owned by Japan's cryptocurrency exchange group Quoine, announced on Wednesday that with the end of Series C financing, its “more than $1 billion” valuation has made it “the only two technology unicorns in Japanese entrepreneurship.” one".

However, Liquid.com did not disclose the amount of investment by IDG Capital and Bitmain.

The company said the funds will be used for global expansion and product development, as well as to support the entry into the securities token market.

Liquid.com CEO Mike Kaymory said:

“Our vision is to make financial services accessible to everyone, which means getting more people into the digital asset space and getting anyone involved.”

Quoine launched the Liquid.com platform last September to provide users with a "global cryptocurrency trading network."

Liquid said the company has raised more than $20 million from venture capital firms including JAFCO, SBI, B Dash Ventures and ULS Group. In 2017, the company said it raised more than $100 million through "discount pre-sales" and "regulated" ICOs.

Wu Jihan, co-founder of Chinese mining machine manufacturer Bitin, said:

“Japan is one of the leading countries that put the cryptocurrency industry under proper supervision, and Liquid Group has proven itself to be a model for complying with these compliance regulations.”

It is worth noting that IDG Capital, another investor in this financing, is also an investor in other encryption startups such as Coinbase, Circle and Ripple, and KuCoin and imToken. Bitmain also invested in Circle last year.