Liquid Crypto Trading Platform is Now in Tech Unicorn Club

Liquid, Japanese cryptocurrency trading platform, has announced Series C funding to raise its valuation to USD 1 billion. This has put Liquid into Unicorn club.

The announcement did not disclose how much funding was raised in the current funding round.

This latest Series C funding round was led by investment firm IDG Capital along with Chinese cryptocurrency mining rigs, Bitmain Technologies.

Executive Opinion

Liquid Chief Executive Officer (CEO), Mike Kayamori said: "As we enter into a new age of digital disruption in financial services, consumers are increasingly placing a higher value on digital assets and technologies they can trust and use with greater ease. Our vision is to make financial services accessible to all, which means bringing more people into the digital asset space so that anyone can be a part of it. This first round of Series C funding from our two highly respected investors, IDG Capital and Bitmain, puts us in an incredibly strong position to make a global impact in 2019."

Future Plans and Previous Fundings

Liquid plans to use the latest funding to expand its global expansion, product development of the core trading exchange business. Liquid also plans to enter into the security token market.

The announcement noted that Liquid already secured US$20 million from venture funding investment firms such as JAFCO, SBI, B Dash Ventures, Mistletoe, and ULS Group.

Liquid also raised more than US$100m through Japan's first regulated global Initial Coin Offering (ICO), also known as the Qash Token Sale at a pre-discounted prince in 2017.