Singaporean platform KuCoin invests $3 million in Bitcoin Australia

Singaporean platform KuCoin invests $3 million in Bitcoin Australia

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Answer Singaporean platform KuCoin invests $3 million in Bitcoin Australia

The Singaporean KuCoin platform recorded a new step in the world of international investment by heading to Australia with multiple investments worth millions of dollars to invest in the licensed “Bitcoin Australia” platform, and it appears that it is a new step aimed at joint cooperation.

It was announced that the KuCoin platform has allocated AUD 3 million to invest in the “Bitcoin Australia” platform, a local platform that enables the buying and selling of digital currencies such as Bitcoin and Ethereum, which will facilitate the KuCoin platform to enter the Australian market and focus clearly on advanced investors.

Meanwhile, Bitcoin Australia will use the new money earned to expand into new markets around the world. Bitcoin Australia was founded in 2015 and has branches in Canada and the Netherlands. According to CEO Robert Hackett, the company aims to target 30 countries before the end of 2020 in its future expansion plan.

Read:Increased interest in Ethereum options and their decline in Bitcoin … Details here

Collaboration and big goals

While both platforms target different markets, both platforms have a clear vision that will lead to their joint venture.

It is worth noting that the KuCoin platform is currently working on releasing a new version of the platform, which is expected to be launched in the last quarter of this year.

knowing that KuCoin . platform It has seen a trading volume of more than $10 million in the past 24 hours – according to Coinmarketcap data – and the platform has more than 4 million users and more than 300 employees.

Read:The Bitcoin network is now more vulnerable to attack than ever… Find out why

KuCoin’s recent investment in Bitcoin Australia comes as part of the company’s expansion plans, as the cryptocurrency exchanges are regulated by the Australian Transactions and Reports Analysis Center (AUSTRAC). In April, regulations mandated local exchanges to join the agency’s registry while adhering to KYC and AML/CTF standards.

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