Quoine, a Singapore-based Bitcoin exchange, has closed a $20 million funding round, leveraging off the large opportunity for Bitcoin in the Japanese market, led by venture capitalists (VCs) and other ‘strategic investors’. It’s last funding round was a $2 million angel investment in December 2014. The latest investment will see it shift its headquarters to Tokyo from Singapore. The Singapore office will remain as a subsidiary. Mike Kayamori, co-founder and CEO of Quoine, in an interaction with Bitcoin.com, explained that it would continue to maintain an Asian focus, given that Asia trading exceeded expectations. This is part of a series of investments closed by Japanese bitcoin exchanges this year. bitFlyer closed a $27 million investment in April 2016 and Zaif raised $6.5 million in May 2016.
Read more at: http://www.dealstreetasia.com/stories/singapore-bitcoin-exchange-quoine-raises-20m-venture-investment-44702/
Topic: [2016-06-20] Singapore: Bitcoin exchange Quoine raises $20m venture investment (Read 238 times)
June 19, 2016, 09:41:56 PM
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