OKCoin raises USD 10 million in Series A funding from Ceyuan

Tuesday 18 March 2014 13:59 CET | News

OKCoin, a Chinese Bitcoin exchange company, has raised USD 10 million in a Series A funding round from venture capital firm Ceyuan along with Mandra Capital, Ventures Lab and other investors.

The investment will be used to expand the team, increase security and product research. The exchange’s current daily trade volume is approximately 50,000 bitcoins per day.

In 2013, the Chinese authorities instructed all third-party payment companies to stop offering clearing services to Bitcoin exchanges by the end of January 2014.

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Keywords: OKCoin, investment, China, Ceyuan, virtual currency, online payment
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce