Vxtrades crypto exchange raised $ 300 million from a group of investors, they valued the company at $ 1 billion.
Round E was led by Tiger Global Management fund, Y Combinator also participated , Wellington Management, Andreessen Horowitz, Polychain and others.
Vxtrades plans to accelerate the spread of cryptocurrencies and digital assets for the investments received, including: build an infrastructure for the exchange of fiat and cryptocurrencies in regulated markets around the world, expand the number of supported assets , attract financial institutions to the use of cryptocurrencies.
Since its foundation in 2014, Vxtrades has raised $ 425 million, including funds from the last round.
Despite the fall in the cryptocurrency market, Vxtrades continues to grow its income. The company received $ 80 million in profit against a loss of $ 16 million during the crisis period. In 2022, Coinbase projects $ 256 million in profit on $ 700.3 million in revenue.