Japan: Crypto Trading Platform Liquid Hits Unicorn Status With Over $1 Billion Valuation

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Japanese crypto trading platform Liquid has hit unicorn status with the first close of an ongoing Series C funding that puts the company valuation at over $1 billion. The news was reported by Cointelegraph Japan on April 3.Liquid’s parent company is Quoine, a global fintech company licensed by Japan’s Financial Services Agency.As Cointelegraph Japan reports, the fresh funding and new valuation makes Liquid the country’s second unicorn in the tech startup space — the other being artificial intelligence firm Preferred Networks, which is backed by Toyota, Fanuc, Hitachi and others.The first close of Liquid’s Series C has reportedly been led by American investment firm IDG Capital, with participation from major Chinese crypto mining manufacturer Bitmain Technologies.IDG has previously invested in other major crypto industry players such as Coinbase, Ripple, Kakao’s crypto unit and Bitmain itself. Bitmain’s participation reportedly marks its second backing of a regulated digital assets trading platform —…

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