Wednesday , December 1 2021

Crypto exchange Bitmart in talks to raise at $300 million valuation

Cryptocurrency exchange Bitmart is in talks to raise about $20 million at a pre-money valuation of $300 million, two sources familiar with the matter told me.

Alexander Capital Ventures, known for backing Airbnb and Spotify, is engaging with Bitmart to lead its Series B round, the sources said. Bitmart has raised about $10 million in its earlier financing rounds, according to Crunchbase.

The exchange — which offers spot transactions, leveraged futures trading, lending and staking services for both retail and institutional investors — clocked a revenue of $65 million in the first half of 2021, the sources said, requesting anonymity, as the details are private.

Bitmart — which is among the top 15 exchanges in the world by volume, according to CoinGecko —  did not respond to a request for comment.

This Article was first published on

About IT News Ug

Check Also

Twitter is rolling out its tipping feature to Android users

Twitter is rolling out its in-app tipping feature to all Android users above the age …

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.