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​Singapore KuCoin is invading Australia with millions of dollars in investment

2018-09-10 11:18 am | Resource: News Section | No Views : 611

​Singapore KuCoin is invading Australia with millions of dollars in investment Singapore-based KuCoin has invaded Australia with multi-million dollar investments on an organized local stock exchange, part of a new joint venture.
KuCoin has invested A $ 3 million in Bitcoin Australia, a local stock exchange that enables Bitcoin and Ethereum to buy, enabling the ASE to enter the Australian dollar market with a clear focus on advanced investors, the Financial Review Review reported.
In the meantime, Bitcoin Australia will use the newly acquired funds to finance its expansion efforts in retail markets around the world.
Bitcoin Australia was founded in 2015 and has a presence in Canada and the Netherlands. Chief Executive Robert Hackett claims that the company's strong expansion will target 30 countries before the end of 2020.
While both companies target different markets, both companies have "clear synergies" leading to the joint venture, the CEO said.
We will build a consumer-friendly retail experience for people who enter the market, with KuCoin support for advanced traders. "
Through the exchange of digital currencies to digital currencies only, KuCoin is currently working on the alpha version of the stock exchange, which is expected to be launched in the fourth quarter of 2018.
The exchange saw $ 10.5 million in transaction volume over 24 hours, according to data from CoinmarketCap. The exchange has 300 employees and has more than 4 million users on its platform, according to the report.

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