KuCoin raises $150 million in a new round of fundraising, valued at $10 billion.

KuCoin announced a $150 million pre-Series B funding round, with which it is valued at $10 billion.

The inflow of capital will allow the exchange to expand beyond centralized trading services and augment its presence in Web 3.0 platforms.

Among the uses of the new funds will be to build the next generation of the exchange’s core trading system.

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