Stock Groups

Coinswitch Kuber Secures $260M Funding, Dominates the Indian Market By CoinQuora

by Mike Robinson

[ad_1]

Coinswitch Kuber secures $260M funding, dominates Indian Market
  • CoinSwitch Kuber raised $260 million in funding.
  • This exchange was the first to become India’s biggest crypto-company.

CoinSwitch Kuber has secured $260 Million in Series C funding. The funding event was led jointly by Coinbase Ventures (NASDAQ:) and Andreessen Horowitz. The event was also attended by Sequoia Ventures, Paradigm and Ribbit as well as Tiger Global investors.

CoinSwitch Kuber reacted to this incident in a tweet:

CoinSwitch Kuber is now the biggest crypto company in India, with $1.91 Billion of its total value. This statement was made by Ashish Singhal, the CEO and co-founder of the exchange.

Ashish elaborated further:

Each evolution requires a leap, and CoinSwitch Kuber is taking one with CoinSwitch Kuber becoming a unicorn to become the biggest crypto company in the nation.

Ashish said that the funds raised would be carefully used to develop and expand the cryptocurrency exchange. CoinSwitch Kuber plans include, among others: the Onboarding of 50 MILLION Indians onto the Exchange and the creation of a central hub for all knowledge and information regarding Crypto.

On the other hand, there are also other exchanges in the crypto space that continue to earn investors’ trust. Binance network, which is one of many crypto exchanges that continues to earn investors’ trust worldwide, is a good example. The crypto world must be proud of this achievement.

Continue reading on CoinQuora

Disclaimer Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs include stocks, futures, indexes and Forex. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damage arising from the use of this information, including chart data and signals to buy/sell, contained on this site. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.



[ad_2]