Binance enters China by funding crypto startup- Mars Finance

Binance is amongst the largest cryptocurrency exchange in the world, and it has recently made its first investment in China by funding crypto media startup, Mars Finance.

There were other investors as well as Ceyuan Ventures and Matrixport, a crypto-financial service startup who decided to be a part of this startup, which is created by Wu Jihan. The funding amount is still a secret that is kept by mars Finance, but it is reported that it has reached the $200 million post-money valuations.

Mars Finance which is operated by Huoxing24 Ltd, in the past has raised funding from IDG Capital, and OKCoin and Huobi. With these major firms as investors, this tells us that Mars Finance is now backed by the Chinese crypto exchanges- OKEx, Huobi, and Binance.

Vineet Chaudhary
Vineet Chaudhary
Vineet Chaudhary is a content writer with computer applications as his background field. His interests range from writing and photography to going out for trips and rides on weekends.

Leave a reply

Please enter your comment!
Please enter your name here