Bitcoin
$63,564.24-4.29%
Ethereum
$3,105.90-5.11%
Binance Coin
$606.42-0.75%
Solana
$143.47-9.70%
XRP
$0.51463005-5.17%
Dogecoin
$0.14887243-7.95%
Toncoin
$5.23-8.76%
Cardano
$0.46611446-6.20%
Shiba Inu
$0.00002482-8.70%
Avalanche
$34.88-10.34%
Tron
$0.11566802+1.47%
Wrapped Bitcoin
$63,694.11-4.28%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Countdown to Consensus 2024The largest and longest running event that covers all sides of Crypto and Web 3
33
DAYS
23
HR
08
MIN
35
SEC
Finance

Crypto Exchange Bitmart in Talks to Raise $20M at $300M Valuation: Report

New York-based private equity firm Alexander Capital Ventures is in talks with Bitmart to lead the Series B funding round.

By Jamie Crawley
AccessTimeIconNov 9, 2021 at 9:16 a.m. UTC
Updated May 11, 2023 at 4:06 p.m. UTC
(Shutterstock)
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Crypto exchange Bitmart is in talks to raise about $20 million at a $300 million valuation in a funding round led by a backer of Spotify and Airbnb.

  • New York-based private equity firm Alexander Capital Ventures is in talks with BitMart to lead the Series B funding round, according to people familiar with the matter, Tech Crunch reported Tuesday.
  • BitMart, which has a 24-hour trading volume of over $1.5 billion according to CoinGecko, has raised a total of $10 million in previous funding rounds.
  • The exchange is registered in the Cayman Islands and has offices in New York, Singapore, Seoul and Hong Kong. At the end of September it said it would be clearing out all user accounts registered in mainland China by Nov. 30, after which it would cease providing services to any users there.
  • BitMart did not respond to CoinDesk’s request for comment.
VolumeMuteUnmute

How Saga's Chainlets Automate Layer 1s

  • Inside Saga's 'Power-Level Over 9000' Campaign
    00:43
    Inside Saga's 'Power-Level Over 9000' Campaign
  • Saga CEO on Chainlets Feature
    19:20
    Saga CEO on Chainlets Feature
  • DOJ Wants CZ to Serve 3 Years in Prison; Tether to Freeze Wallets Evading Venezuelan Sanctions
    02:26
    DOJ Wants CZ to Serve 3 Years in Prison; Tether to Freeze Wallets Evading Venezuelan Sanctions
  • What's Driving HBAR's Roller-Coaster Ride?
    01:12
    What's Driving HBAR's Roller-Coaster Ride?

    • Read more: China Crypto Bans: A Complete History

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Jamie Crawley
    Jamie Crawley

    Jamie Crawley is a CoinDesk news reporter based in London.

    Follow @JamieCrawleyCD on Twitter

    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.