Cryptocurrency exchange KuCoin said on Wednesday it had raised $20 million in a Series A funding round featuring venture capital funds IDG Capital, Matrix Partners, and Neo Global Capital. The Singapore-based company plans to use the money to expand its customer basis.

KuCoin will invest part of the proceeds into the development of an upgraded version of its trading platform. Called 2.0 and scheduled to go live in the first quarter of 2019, the updated system will offer new services (including stop orders and dust collector) and modernized APIs.

The trading platform will also use the funds to target new territories with marketing and advertising campaigns. The first group includes Vietnam, Italy, Turkey, Russia, and the Spanish-language countries of the…

This article appeared first on Cryptovest

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