Quoine raises $16 million for bitcoin sell of exchanges

Singapore-based Quoine, a startup charity a bitcoin sell and other cryptocurrency-related services, announced currently that it has cumulative a sum of $16 million in a array B round.Following a series A round when a association lifted $2 million from several angel investors behind in Dec of 2014, this turn was led by Japanese investment association Jafco with appearance from an unnamed VC organisation and several unnamed businesses. Since this turn is not sealed yet, a association pronounced that it might additionally lift adult to $4 million from intensity business partners.

According to cryptocurrency portal Coinhills’ real-time ranking of tellurian bitcoin exchanges in volume of transactions, Quoine is ranked in 7th place following Chinese 6 exchanges in a disturb of speculation. This list apparently indicates Quoine being Japan’s largest bitcoin sell followed by BtcBox and bitFlyer as good as one of a world’s heading bitcoin exchanges. Given that a annual volume of foreign-exchange(FX) trade in Japan has reached about $50 trillion, Kayamori predicts about 10% of these exchange being transposed by cryptocurrencies in a future. Quoine transacts bitcoins value of $50 million a day, though he thinks it will be able



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