The parent company of the South Korean exchange cryptocurrency Bithumb received $ 200 million of funding from the Japanese blockchain fund called ST, Cointelegraph reported.
Funding was provided as part of the investment round of the A series and will allow the Blockchain Exchange Alliance (BXA) to continue the international expansion of the Bithumb business. The company also promises to implement the support of new trading pairs.
The fund shared our vision of creating a global digital exchange platform that can efficiently transfer value across borders with lower costs, which was the key rationale behind this investment decision.
At the end of March, Bithumb suffered another hacker attack and lost about $ 13 million in cryptocurrency. Recently, the company reported on its performance for 2018 - its losses amounted to about $ 180 million.
ST Fund is registered in Japan and manages the capital of investors from around the world, including Europe and the USA.