Thursday, April 9, 2020

London-based crypto startup Copper raised $8 million for expansion

The Takeaway:

The London-based cryptocurrency startup Copper raised $8 million in a Series A round, which included venture capital firms like MMC Ventures and LocalGlobe.

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According to the BusinesCloud report, crypto startup Cooper raised $8 million in Series A round on February 17. Copper founder and CEO Dmitry Tokarev revealed that with the raised funds, they aim to expand their services to North America and Asia. Crypto startup was launched in 2018 in London.

 

“Copper was always designed to be a global offering.” 

The founder and the CEO of crypto startup Copper, Dmitry Tokarev, said that their platform was always designed to be a global offering. He added that the venture funding round is a real vote of confidence from their support that will allow them to accelerate and expand. This investment will enable the crypto startup to hire business development teams for these markets in addition to specialists handling local crypto regulations.

 

Copper postpones its plan to open offices in Hong Kong due to coronavirus outbreak. 

The crypto startup Copper revealed that they had planned on establishing new offices in Hong Kong, but the plans have been postponed because of the mysterious coronavirus outbreak. According to news reports, the death toll in mainland China reached at least 1,868. The virus outbreak has heavily impacted the Chinese economy, and it is continuing to do so. Crypto exchanges like Binance, Huobi, and Tron have come forward to help coronavirus victims and donated millions of dollars to the cause. 

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Disclaimer: The article reflects the opinions of the author and is not representative of Chaintimes’ views.
The article does not offer any investment advice. User discretion is advised when investing in or trading with cryptocurrency. Extensive and diligent research should be carried out by the reader before making a decision.

Charles Carter
Charles Carter
Charles is an experienced researcher with a Master of Public Administration degree from Humber College, Canada. Apart from being fascinated about blockchain and cryptocurrencies, he loves to drive around the town in his collection of cars.

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