Japanese Liquid Capitalization to Exceed $1B

Now it can be officially called unicorn; Liquid is 2nd unicorn of technology sector in Japan
03 April 2019   308

Japan-based cryptocurrency trading platform Liquid closed the first stage of Series C financing; now its market value exceeding $ 1 billion. Thus, Liquid received the status of a unicorn company, Cointelegraph reported.

Liquid became just the second “unicorn” in the technology sector in Japan - previously, the company in the field of artificial intelligence, Preferred Networks, achieved capitalization in the amount of more than $ 1 billion.

Reportedly, the new round of Liquid financing was led by the US investment firm IDG Capital. Also, the company’s investor was Bitmain Technologies, a leading manufacturer of mining equipment. At the same time, the aggregate amount of financing turned out to be rather modest - only about $ 9 million.

Note that IDG Capital has previously invested in such companies as Coinbase, Ripple, the Kakao cryptocurrency division, as well as in Bitmain Technologies itself. In December 2018, Bitmain took part in the financing of the ErisX derivatives exchange.

Liquid is a subsidiary of Singapore-Fintech company Quoine, which is licensed by the Japan Financial Services Agency. The official launch of the platform took place last September.

According to Quoine representatives, the funding received will be directed to the global expansion of Liquid, the development of new products for traders and the entry into the market of security tokens.

South Koreans to Invest in Crypto Actively

In addition to the investment amounts, the share of those interested in investing in digital assets also increased
22 April 2019   84

The average amount of investments in cryptocurrency from South Korean invesetprs is $ 6,100, which is 64% more than last year, Cointelegraph reports.

According to a survey conducted by the Korean Fund for the Protection of Portfolio Investors, in addition to the investment amounts, the percentage of those interested in investing in digital assets also increased. Thus, 7.4% of the 2500 respondents have already acquired cryptocurrency (last year there were 6.4% of those). It is noteworthy that this figure has increased, despite several major break-ins of the South Korean crypto exchange, as well as tougher regulation of the industry.

Analysts connect the market with a recent bitcoin price jump and hope for a new bull rally.

Recall recently it became known that 94% of trust capital funds invest in cryptocurrency.