With the increasing adoption and acceptance of crypto assets, more crypto-related firms and service providers are rising. Also, they are taking their expansion visions in the sector very seriously. However, crypto industry regulations have placed limitations on some firms’ goals. Most top-tier regulators require the fulfilment of some rules for the operation of crypto service providers in their regions. These include registration and other license approval from the country watchdogs. Coinmetro, a crypto exchange, expressed its plans for a global expansion in a new development. This plan propelled the firm to embark on a fundraising round that generated about 7 million euros (worth $7 million). According to the firm’s report, the exchange is now valued at 180 million euros. Related Reading: Apecoin Price Likely To Climb 20% If APE Can Sustain Its Energy Expansion Plans From The Exchange Using Funds The exchange revealed its plans to utilize the raised funds to boost its expansion visions in the UK, US, and Europe. Also, it cited its ongoing creation of some passive income products. Such products are meant to assist its customers in handling periods of increasing inflation and interest rates. Coinmetro mentioned that the funding round marks the forerunner of the firm’s Series A round for the first quarter of 2023. The funds are generated from three pioneering investors and more than 100 other shareholders in th...
