Singapore Bitcoin Exchange Quoine Raises $20m; Moves to Tokyo

[Curious8]

Source: http://bitcointopics.xyz/content/singapore-bitcoin-exchange-quoine-raises-20m-moves-tokyo-0

What do you think about this insane news ?

[MingLee]

Someone must have really bought in and thought the company would make a lot of money, so now we're seeing the move from a partially Bitcoin-accepted nation to a more widely accepted Bitcoin nation, and I personally think this is great for the company, since it means more business and everything, most likely.

It's surprising they raised 10x their funding goal, but good for them.

[funkenstein]

Historically in this space "Raising Fiat" has meant that the company is not long for the world.  Having only heard that information I expect exit plans are in place already.  Lets hope I'm wrong and there are people trying to do something useful here. 

[Raimonn]

News like this shows that there is a lot of interest about bitcoin, and its ecosystem. Its a big amount of money, investors want to be on bitcoin network.

[~Bitcoin~]

With the price getting higher every day that 20m$ may be small in future even to keep running bitcoin exchange platform. I have never gone through quoine but i know few like bitok having huge margin in buy sell price which is quite intresting. Thinking of opening similar platform for locals with huge margin in between.

[Kprawn]

With the price getting higher every day that 20m$ may be small in future even to keep running bitcoin exchange platform. I have never gone through quoine but i know few like bitok having huge margin in buy sell price which is quite intresting. Thinking of opening similar platform for locals with huge margin in between.

It's a good start and it will gain more momentum and fees in Tokyo to transition to something bigger to fit the growing demand in the Asian cities. The location is not really a make or break move for

them, because both offer a huge market potential. How much regulation is applied in Tokyo compared with it's original location? It might have been something like the BitLicense in New York, pushing

the operation to a area, where people are more Bitcoin-friendly. 

[franky1]

seems people are only posting based on the title..
but here is a quote

It is interesting to note. Bitcoin exchange Quoine is based in Tokyo, despite being a Singapore platform. However, this new investment round will help the company move its headquarters from Tokyo to Singapore in the coming months. There is also a Singapore office, which will continue operating as a subsidiary.