News and Announcements
Bitcoin Australia raises $3 million from one of the world’s largest crypto exchanges
- Published September 10, 2018 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
KEY TAKEAWAYS:
- KuCoin invests $3 million in Bitcoin Australia in a bid to expand its current activities.
- The partnership between KuCoin and Bitcoin Australia will appeal to all levels of investors from entry level to advanced investors.
- BitCoin will look to expand from the current three to thirty markets over the next two years.
KuCoin, one of the world’s largest cryptocurrency exchanges, has invested $3 million into Bitcoin Australia in a bid to enter the local market and kickstart its international expansion. Bitcoin Australia CEO, Rupert Hackett identified the clear synergies between KuCoin, who target sophisticated investors, and Bitcoin Australia, who aim to make cryptocurrency
trading available to all Australians.
The result is an exchange for all traders – with Bitcoin continuing to appeal as a consumer-friendly experience for new traders, and KuCoin targeting seasoned intermediate and advanced investors. KuCoin currently boats 4 million users, employs 300 people and transacts $US500 million per month.
Established in 2015, the KuCoin and Bitcoin Australia partnership is looking to expand from the current three markets to thirty over the next two years. The initial target is building the brand in the UK market and other European and Canadian locations. With the recent slowdown in trade, Bitcoin is focussing on raising money through more traditional methods as opposed to an initial coin offering, in a bid to build trust in the platform.
To be part of Bitcoin Australia’s growth, register your interest at the button below.
About Bitcoin Australia
Bitcoin Australia is one of Australia’s fastest growing crypto exchanges, allowing users to buy and sell Bitcoin and Ethereum instantly and securely.
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