BITMEX HAS INVESTED IN VIETNAM'S LEADING BITCOIN EXCHANGE

Posted 20 August, 2020

The operator of the crypto derivatives exchange BitMEX, a company 100x Group, has invested $ 1.5 million in the largest Vietnamese digital currency trading platform VCC Exchange (VCCE). The deal was made through the venture division 100x Ventures.

 

It's a great honor for us to announce that our newest investor is 100x Ventures, the ventures arm of the group behind BitMEX.
To see the full article in English and what Mr. Arthur Hayes @CryptoHayes said , please click here: https://t.co/[email protected] @BitMEX pic.twitter.com/RrLlH0wwh9

 

— VCC Exchange (@VCCExchange) August 17, 2020

 

VCCE plans to use the raised capital to finance the development of new products and marketing. The Bitcoin exchange intends to modernize its website and mobile app, and launch a P2P platform.

 

Thanks to this, the daily trading volume on VCCE will increase by 500% over the next 2 years, the company predicts.

BitMEX Co-Founder and CEO Arthur Hayes noted that the explosive growth in cryptocurrency trading in Vietnam came after industry regulation changes in the country.

 

Prior to this, VCCE raised funds in a seed funding round led by Signum Capital.

 

Recall that in July, 100x Ventures led the Series A funding round of the South African VALR cryptocurrency exchange for $ 3.4 million.

Previous story

21 August, 2020 11:15

← NEW VERSION OF LND CLIENT INCREASED THE LIMIT OF TRANSFERRED FUNDS IN THE LIGHTNING NETWORK

Lightning Labs has released a beta version of the LND v0.11 client, which allows larger bitcoin transactions to be sent on the Lightning Network's second tier.

NEW VERSION OF LND CLIENT INCREASED THE LIMIT OF TRANSFERRED FUNDS IN THE LIGHTNING NETWORK

Next story

20 August, 2020 10:34

ETHEREUM CLASSIC DEVELOPERS PRESENTED A PLAN TO PROTECT CRYPTOCURRENCY FROM NEW ATTACKS →

After a series of successful attacks on Ethereum Classic, the developers have prepared a series of proposals aimed at protecting the network in the future. The proposed innovations include short-term and long-term steps to reduce the risk of similar attacks and further develop the network.

ETHEREUM CLASSIC DEVELOPERS PRESENTED A PLAN TO PROTECT CRYPTOCURRENCY FROM NEW ATTACKS
Write a comment
 
Prove you’re not a bot + 10 = 26