Singapore Bitcoin Exchange Startup Raises $16M

A startup in Singapore offering bitcoin exchange and cryptocurrency services just secured another major round of funding.
The company, Quoine, announced that is has raised $16 million for its Series B round. This follows its $2 million Series A round in December 2014. This new round’s investors included Jafco, a Japanese investment company, along with a unnamed VC firm. But the company noted that the round is not closed so there could be up to $4 million more raised in this round.
According to reports, Quoine is the largest bitcoin exchange that operates in a major bitcoin market, Japan, as it has $50 million bitcoins transacted over its exchange per day.

This post was published at Pymnts on June 27, 2016.