KuCoin to launch DeFi products in 2022 with fresh $150M raise

KuCoin to launch DeFi products in 2022 with fresh $150M raise

The global cryptocurrency exchange KuCoin aims to go beyond centralized trading services and focus on Web3 with new funding backed by firms like Circle Ventures.

The KuCoin cryptocurrency exchange officially announced on May 10 a $150 million pre-Series B funding round, bringing the company’s valuation to $10 billion.

The latest funding round mainly aims to strengthen the exchange’s partnership with major industry players as well as promote the mass adoption of crypto, KuCoin CEO Johnny Lyu told Cointelegraph, noting:

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“KuCoin is financially healthy. […] We are still in contact with many VCs, and we are open to have another round in the near future, as long as we can find partners that share the same value and vision with us.”

The latest KuCoin raise is led by Jump Crypto,

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