The crypto trading platform Liquid.com was identified as the latest crypto unicorn in April of this year. It was backed by Bitmain and IDG Capital in a funding round that. Funding Round closes Liquid.com’s valuation at $1 Billion. Globalexchange.
The firm is owned by Japanese cryptocurrency exchange Quoine. It announced back in April that with the closing of the Series C round, its “over $1 billion” valuation makes it “one of only two tech unicorns in Japan’s startup space.”
The amounts invested by IDG Capital and Bitmain were not disclosed by Liquid.com. IDG Capital led the round.
Globalxchange. The company said that the funds will be put to support a move into the security token market, as well as towards global expansion and product development.
Mike Kayamori, Liquid.com CEO:
“Our vision is to make financial services accessible to all, which means bringing more people into the digital asset space so that anyone can be a part of it.”
The Liquid.com platform was launched by Quoine back in September to provide users with access to a “worldwide network of cryptocurrency exchanges.”
Venture capital firms, including JAFCO, SBI, B Dash Ventures and ULS Group have previously raised more than $20 million, according to Liquid. It said it raised more than $100 million in a “pre-discounted” and “regulated” initial coin offering (ICO), in 2017. Global exchange.
Jihan Wu, Bitmain co-founder, said:
“Japan is one of the leading nations in putting crypto industry under proper regulations, and Liquid Group has proven itself to be the exemplary player within such compliant rules.”
IDG Capital has invested in:
Coinbase
Circle
Ripple
Globalexchange. Other crypto startups including KuCoin and imToken
Bitmain has invested in:
Circle
Other portfolio firms include derivatives and digital asset trading platform ErisX and EOS developer Block.One. Global exchange
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