Bitcoin Forum

Cryptocurrency Exchange Binance Has Led a $30 million Fundraising Round For MobileCoin
Cryptocurrency exchange giant Binance has led a $30 million fundraising round for MobileCoin, a new privacy-centered cryptocurrency adding that Binance had made its investment in the project through Binance Labs, its blockchain incubator. According to a medium post, MobileCoin announced the conclusion of the funding round on Tuesday. The blog post stated that the Blockchain

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This step is a natural stage in the development of the business of the leading exchange of cryptomarket. At the moment, there are two differently directed trends associated with large participants of cryptomarket.
On the one hand, large funds and banks, which have a stable income in the classical markets, have begun to expand into cryptomarket. Several crypto-exchanges were purchased by participants of the classical centralized financial system.
On the other hand, two large exchanges of cryptomarket: Binance and Huobi, created their own investment funds with an initial capital of $ 1 billion.
In addition, the last months are constantly highlights news about the participation of exchanges in partner programs of the state level.
By these actions, exchanges signal that they have grown and become solid and serious players in the market, despite their youth. And they are ready to press the old-timers of venture business.
I think the diversification of income sources is one of the obvious signs of growing up and serious professional approaches to business development.