Liquid.com Receives A Valuation Of Over $1bn After Latest Funding Round

By Mark Lemon – Cryptocurrency Professional

Cryptocurrency trading platform based in Japan, Liquid.com, has closed a Series C fundraising round which took the companies valuation to exceed $1billion. The funding round was led by venture firm IDG Capital and maker of cryptocurrency mining rigs, Bitmain, one of the largest companies operating in the crypto space. The valuation makes the company the second tech unicorn in Japan.

The funding is to be used for global expansion and product development on the Liquid.com exchange. The fund will also help the company enter the security token market. Quoine was founded back in 2014 with the launch of Liquid in September 2018 as a one-stop portal for cryptocurrency trading. Liquid was created from the merging of Quoines previous exchanges to sell Bitcoin, Qryptos and Quoinex for a unified platform.

The platform allows users to access a worldwide network of exchanges to buy and sell cryptocurrency by matching trades across multiple transactions and crypto trading pairs. Users will only be required to sign up for the one portal to gain access to a variety of different markets and platforms to sell XRP or cash out Bitcoin. Liquid still functions as a centralised exchange which comes with its benefits and downfalls.

Liquid.com have not disclosed the amount that was invested in this funding round but that IDG Capital were leading. IDG Capital have been making serious investments into some of the most influential blockchain companies such as Coinbase, Ripple, Kakao Crypto unit and even Bitmain, showing strong interest into the regulated markets for selling crypto.

We have some of the most competitive rates for cashing out Bitcoin and to sell crypto UK so make sure you look further!

We use cookies to better provide our services. By using our services, you agree toour use of cookies.