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Streamy, the operator of the South Korean crypto exchange Gopax, announced the closure of a Series B funding round in the amount of 30 billion won (~ $ 23.7 million), reports Digital Today.
Financing was provided by both existing investors of Digital Currency Group (DCG) and Strong Ventures, as well as new ones. Among the latter is the venture capital firm Z Venture Capital, which is associated with the softbank and Line joint venture, as well as KB Investment.
At the end of the round, the company received a valuation of 350 billion won (~ $ 276 million).
Streamy will direct the raised funds to strengthen the exchange’s team and attract customers “through aggressive marketing.”
“We will do everything possible to modernize the system and strengthen investment stability by hiring talented specialists with good competencies to the virtual asset platform team,” said Streamy CEO Lee Jun Heng.
The exchange entered into an agreement with Jeonbuk Bank, which made it possible to ensure the use of bank accounts with real names by customers, in accordance with the requirements of the regulator. On April 28, the platform resumed work after being suspended in September 2021.
According to the exchange’s website, the accounts of foreign users of the exchange have been closed since that time.
Recall that in March, the platform announced the blocking of accounts of residents of the Russian Federation in connection with the sanctions of the Office of Foreign Assets Control of the US Treasury and the EU.
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