Kocoin exchange attracted 10 million dollars of capital

Kocoin, one of the prominent exchanges active in the digital currency market, officially announced on July 21 (July 30) that an amount of about 10 million dollars in the form of a strategic investment from Susquehanna International Group (Susquehanna International Group), one of the largest active companies. In the field of trading based on quantitative analysis (using mathematical methods and statistical analysis), he has received Apart from this investment of 10 million dollars, both parties are supposed to participate in the construction and development of the ecosystem consisting of the KuCoin Token digital currency (KCS) and the blockchain network “KCC” or “KuCoin Community Chain” and contribute to the growth of this blockchain startup. Chinese help.

Sesquehanna International Group is an active company in the field of trading based on quantitative analysis, which was created with an entrepreneurial mindset and has a very accurate analytical approach in its decisions. As one of the largest companies engaged in exclusive trading, this institution has special expertise in trading all financial products offered on international stock exchanges and various asset classes, and with a focus on derivatives transactions, it conducts millions of transactions daily in exchanges around the world.

Kocoin, which started its work in 2017, is currently considered among the top 5 exchanges in the world with more than 20 million users. Dubbed as the “Home of Altcoins”, this exchange supports more than 700 tokens and 1,200 trading pairs on its platform. Furthermore, Report The performance of the first half of 2022 Kocoin shows that the volume of transactions of this exchange has exceeded 2 trillion dollars in this period of time, which has grown by 180% compared to the first half of 2021.

Kocoin is going to use this $10 million funding to develop its platform infrastructure and strengthen the collection of products it has; A move that will prepare Kocoin for the next bull market of digital currencies. In addition, a part of this amount will be spent on the global development program and the recruitment of new staff in Kocoin exchange. It should be mentioned that despite the downward trend of the market and the beginning of the winter of digital currencies in recent months, Kokoin still has 300 open positions that it must cover by hiring new employees. While Kocoin and Sesquehanna International Group are supposed to jointly support promising startups active in the digital currency industry in the role of a growth center (Incubator), investor or business consultant; Especially the startups that are built on the platform of Kokoin blockchain network (KCC).

Johnny Lyu, the CEO of Kokoin, said in relation to the cooperation of this collection with the Susquehanna International Group Institute:

Kokoin to date several cycles [قیمتی] has experienced many different things in the digital currency market and we feel obliged to continue to “build” no matter what. We are happy to announce that we have found a new partner with similar values ​​and vision. Susquehanna International Group’s support will solidify our position as a centralized exchange and help develop the Kocoin ecosystem in the decentralized Web 3.0 world.

Let’s also add that in May 2022 (May 1401), Kocoin had raised $150 million in its “B” fundraising led by Jump Crypto Institute. This event brought the value of investments made on Kokoin to 170 million dollars and the total value of this collection to 10 billion dollars.

Sesquehanna International Group, or “SIG” for short, is an active institution in the field of quantitative analysis that was created with an entrepreneurial mindset and has a very accurate analytical approach in its decisions.

SIG Institute, as one of the largest companies active in the field of exclusive trading, carries out its transactions with its own capital and accepting all the risks in the financial markets. The SIG team specializes in the trading of all financial products offered on international exchanges and various asset classes, and with a focus on derivative trading, trades millions of dollars daily on exchanges around the world. Although SIG Group has a wide presence in global markets, its trading desks are highly specialized. This structure allows them to have a deep understanding of the drivers specific to each financial product. It should be mentioned that SIG also plays an important role in financial markets around the world by providing liquidity and guaranteeing competitive prices to buyers and sellers.

Kocoin is an international exchange that started its work in 2017 and its headquarters is located in the Republic of Seychelles. As a user-centric platform, KoCoin supports the transactions of more than 700 different digital currencies with a focus on service learning and achieving participation from its user community. This exchange currently supports various forms of digital currency trading, such as Spot, Margin, Peer-to-Peer (P2P) transactions in fiat, futures markets, as well as staking and digital currency lending to 20 million users. It provides services from 207 different countries.

In 2022, Kocoin collected 150 million dollars in its “B” series of fundraising, which, considering the “A” series, brought the total value of the amounts invested on this exchange to 170 million dollars and the total value of this collection to 10 billion dollars. According to the ranking on the Coin Market Cap website, Kocoin is currently one of the top 5 exchanges in the world. Forbes media also introduced Kocoin as one of the top digital currency exchanges in the world in 2021. In 2022, Ascent software institute introduced Kocoin exchange application as the best application for digital currency industry enthusiasts.