Share this article
Crypto Exchange KuCoin Raises $20 Million From IDG, Matrix, Neo Global
Singapore-based crypto exchange KuCoin has raised $20 million in Series A funding backed by IDG Capital, Matrix Partners and Neo Global Capital.
Updated Sep 13, 2021, 8:35 a.m. Published Nov 14, 2018, 2:00 p.m.
Singapore-based crypto exchange KuCoin has raised $20 million in Series A funding backed by IDG Capital, Matrix Partners and Neo Global Capital.
KuCoin announced the funding Wednesday, saying that the three firms had not only invested, but formed partnerships with the exchange in order to bring cryptocurrency to the “masses.”
STORY CONTINUES BELOW
Non perderti un'altra storia.Iscriviti alla Newsletter Crypto Daybook Americas oggi. Vedi tutte le newsletter
With the funding in place, KuCoin said it now plans to revamp its service, launching "Platform 2.0" probably in Q1 2019. Planned to be "more than a single exchange," the new offering, it says, will be a "dynamic, secure and malleable" trading platform that will allow KuCoin to scale and add new features.
It will also bring on more support staff and expanding to new countries – targeting Vietnam, Turkey, Italy, Russia and all Spanish-speaking countries during Q4 2018.
With IDG, Matrix and Neo Global's assistance, the exchange said it aims to become a global brand in the blockchain industry, claiming five million registered users, currently.
“I believe one day everything will function with blockchain technology. And with our newly formed partnerships, we will build on today’s momentum and fulfill this vision,” KuCoin’s CEO Michael Gan said.
KuCoin image via Shutterstock
Di più per voi
Cosa sapere:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Di più per voi
Bitcoin Rebounds to $93K From Post-Fed Lows, but Altcoins Remain Under Pressure
Downward pressure on bitcoin is losing steam, with the market stabilizing but not yet out of the woods, said one analyst.
Cosa sapere:
- Bitcoin rebounded from a sharp early selloff on Thursday to trade above $93,000 shortly after the close of U.S. stocks.
- The late-day gain in bitcoin came alongside a rebound in the Nasdaq from big morning losses; the tech index closed with just a 0.25% loss.
- Downward pressure on bitcoin is losing steam, said one analyst, but the market is not yet out of the woods.
Top Stories
