Singapore Bitcoin Exchange Startup Raises $16M

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A startup in Singapore charity bitcoin sell and cryptocurrency services only cumulative another vital turn of funding.

The company, Quoine, announced that is has lifted $16 million for a Series B round. This follows a $2 million Series A turn in Dec 2014. This new round’s investors enclosed Jafco, a Japanese investment company, along with a unnamed VC firm. But a association remarkable that a turn is not sealed so there could be adult to $4 million some-more lifted in this round.

According to reports, Quoine is a largest bitcoin sell that operates in a vital bitcoin market, Japan, as it has $50 million bitcoins transacted over a sell per day. Its co-founder Kariya Kayamori pronounced in an talk that there is $50 trillion of foreign-exchange trade in Japan a year and eventually he believes cryptocurrencies will comment for 10 percent of those transactions.

The latest review among Japan’s Liberal Democratic celebration surrounds plans for bitcoin and other digital currencies to be treated

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