According to the information provided to CQ and the strategic cooperation that enables the two companies to incubate startups in the blockchain, KuCoin Token (KCS) and KuCoin Community Chain (KCC) cooperate to build an ecosystem.
The KuCoin team said that with the support of SIG on the platform, the circulation and derivatives of the platform may increase significantly and enter promising key markets such as Asia and Europe.
It is worth noting that KuCoin will use the received funds to meet several development requirements: upgrade infrastructure and enrich product lines, support global expansion and recruitment plans. More importantly, these funds will be used to support promising crypto startups, especially those based on the KCC chain, through incubation, investment, and consulting.
In addition, this year, KuCoin raised more than US$500 million in the Pre-B round of financing, bringing the total investment in the A round to US$170 million, with a total valuation of US$10 billion. The crypto platform is growing rapidly, with over $2 trillion in trading volume and a global user base of over 20 million.
KuCoin is a global digital currency exchange launched in September 2017. This is a platform that offers customers more than 700 digital currencies. The exchange provides spot market, P2P fiat currency trading, futures trading, margin trading, borrowing, pledge and other functions.
Meanwhile, SIG, a global quantitative trading firm, trades financial products and asset classes, works on derivatives, and processes trades on many exchanges around the world. It is worth noting that according to reports, the trading volume of SIG US individual stocks and options exceeds 20%, and it is known as the largest investor in TikTok.
