TechFlow News — Cryptocurrency exchange BitMart has announced the completion of its Series B funding round at a $300 million valuation, led by Alexander Capital Ventures (which previously invested in Airbnb, Spotify, and Kraken), with participation from Alpha Square Group, Chaos Ventures, among others.
Founded in 2017, BitMart offers retail and institutional investors services including spot trading, leveraged futures trading, lending, and staking. Over the past ten months, the platform's daily active users have grown 100-fold, and its team size has doubled. BitMart stated it will continue to adhere to compliance principles. Its investment arm, managing over $50 million, will continue investing in and supporting the growth of the cryptocurrency ecosystem, with recent focus areas including the metaverse, infrastructure, GameFi, and DeFi.
BitMart will also continue strengthening its platform infrastructure, investing in new assets, accelerating international expansion, and advancing full regulatory compliance efforts in the United States. Sheldon, Founder and CEO of BitMart, said: “The U.S. is the country with the strictest regulatory framework in the blockchain industry. We have been actively embracing regulation. Furthermore, this Series B funding helps BitMart access more strategic resources and identify leading, professional strategic partners.”
