IDG Capital, Matrix Partners, and Neo Global Capital Invest $20 Million USD into KuCoin to Bring Cryptocurrency to the Masses
The Singapore-based cryptocurrency exchange KuCoin recently announced that it has received funding from Neo Global Capital, IDG Capital, and Matrix Partners, three major investment firms in the crypto space. In total, the firms invested $20 million dollars into the exchange with the goal of helping it to expand its services dramatically and help to bring cryptocurrencies to the masses. KuCoin plans to begin expanding into several more locations during the fourth quarter of 2018, with Vietnam, Turkey, Italy, Russia, and every Spanish-speaking country being the first territories on its list.