Liquid Crypto Exchange Reaches More Than $1 Billion Valuation After Funding Round

The cryptocurrency market has a new unicorn company. Liquid has just announced that it was able to raise capital from investors at a valuation of more than $1 billion. The information has been released by Quoine on April 3, in a press release.

Liquid Becomes A New Crypto Unicorn

Liquid announced that they have closed a Series C funding at a valuation of over $1 billion. In this way, the firm was able to become a unicorn in less than five years after being founded in 2014. The funding has been led by the investment firm IDG Capital with the participation from some large maker of cryptocurrency mining rigs, including Bitmain Technologies.

IDG has also invested in other companies such as Coinbase, Ripple, Bitmain, and Kakao. In this way, Bitmain invested in another trading platform after placing their funds into ErisX, a derivatives digital asset trading platform.

Liquid was also able to raise more than $20 million from venture funding from different firms, including JAFCO, SBI, B Dash Ventures and many others. Back in 2017, Liquid raised $100 million in a pre-discounted Initial Coin Offering (ICO) that was the first regulated ICO to be conducted in Japan.

The proceeds from the Series C funding will allow the firm to expand around the world and develop its products. They also want to enter the security token market.

Mike Kayamori, the CEO of Liquid, commented:

“As we enter into a new age of digital disruption in financial services, consumers are increasingly placing a higher value on digital assets and technologies they can trust and use with greater ease. Our vision is to make financial services accessible to all, which means bringing more people into the digital asset space so that anyone can be a part of it.”

Jihan Wu, the co-founder of Bitmain, said that Japan is one of the leading nations in terms of crypto adoption. Japan has been working so as to create a clear regulatory environment for firms to operate there and to protect investors. There are also other countries around the world that are trying to attract companies with very blockchain and crypto friendly regulations.

The General Partner of IDG Capital, Young Guo, explained that IDG has been investing in the cryptocurrency space since 2012. He has also praised Tokyo as a top destination for cryptocurrency innovation.

At the moment, Liquid is the world’s largest cryptocurrency and fiat platform in terms of transaction volume-regulated in Japan. Customers have enhanced price matching and deeper liquidity for different trading pairs.

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Carl T
Carl T
Carl is a legend in cryptocurrency space for his long-storied experience, history and insights. He is a digital nomad who fell in love with bitcoin and its offspring for many years now and prides himself on delivering quality perspectives in the emerging world of crypto-assets and blockchain technology.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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