KuCoin Raises $150M Round Led by Jump Crypto at $10B Valuation

Crypto exchange KuCoin closed a $150 million Series B funding round at a $10 billion valuation, led by Jump Crypto with participation from Circle Ventures, IDG Capital and Matrix Partners. KuCoin would use the capital to expand its product lineup, such as crypto wallets, and DeFi and NFT platforms. Some of the funds would also go towards the development of infrastructure and applications on KCC, the public chain built by KuCoin's community members.