Crypto exchange KuCoin has raised over $10 million in strategic investment from Susquehanna International Group (SIG), one of Wall Street’s largest quantitative trading firms. Apart from the investment, the two parties will also collaborate on crypto startup incubation and KCS & KCC ecosystem building. KuCoin Raises $10M From SIG According to an official announcement from today, KuCoin will use the funds to upgrade platform infrastructure and enrich the product lineup to prepare for the next bull run. The capital will also support KuCoin’s global expansion and hiring plan, with over 300 job openings despite the ongoing crypto winter. We're proud to announce that #KuCoin has secured a $10 million strategic investment from Susquehanna International Group (SIG)! 🎉 Apart from the $10m investment, KuCoin and SIG will collaborate in #blockchain startup incubation and #KCS & #KCC ecosystem building. — KUCOIN (@kucoincom) July 21, 2022 The move follows a $150 million venture funding round led by Jump Crypto through a pre-Series B in May 2022 at a total valuation of $10 billion. Commenting on the development, Johnny Lyu, the CEO of KuCoin, stated: “KuCoin has been through a few crypto cycles, and we are committed to building no matter what. We are delighted to announce that we have found another partner with the same vision and values. The support of SIG will solidify our leading role as a centralized exchange and facilitate our ecosy...
