Quoine, a Singapore-based Bitcoin exchange, has closed a $20 million appropriation round, leveraging off a vast event for Bitcoin in a Japanese market, led by try capitalists (VCs) and other ‘strategic investors’.
It’s final appropriation turn was a $2 million angel investment in Dec 2014.
The latest investment will see it change the domicile to Tokyo from Singapore. The Singapore bureau will sojourn as a subsidiary.
This is partial of a array of investments sealed by Japanese bitcoin exchanges this year. bitFlyer closed a $27 million investment in Apr 2016 and Zaif lifted $6.5 million in May 2016.
This pattern in funding, with increasing impasse in bitcoin investment by corporates, is contemplative of how all of 2015′s largest blockchain and bitcoin deals concerned corporates and strategics, with 2016 progressing this trend. This comes during a time when financial institutions and corporates are grappling with