Digital assets trading platform BitMart announces investment of millions from Chinese blockchain-focused venture capital firm Fenbushi Capital.
To bring transparency to the global economy
With the investment, BitMart has joined over 50 international blockchain projects Fenbushi has invested in, aiming to achieve more transparency and efficiency in the global economy. Sheldon Xia, founder and CEO of BitMart, said:
“The strategic collaboration with Fenbushi Capital and Bitrise Capital will undoubtedly help to establish a more open and transparent capital raising ecosystem for both investors and high-quality assets.”
Following the investment, BitMart’s Global Strategic Advisory Committee will onboard new member Bo Shen, founder and general partner of Fenbushi Capital. Shen follows a string of new board members like Kevin Shao, the general manager of blockchain branch of mining machines manufacturer Canaan Creative.
Facilitating BTC payments
At the time, Xia, emphasized that the partnership will significantly expand the number of ways by which the exchange’s users can purchase Bitcoin, stating:
“With this partnership, investors will now have direct access to multiple payment approaches including bank transfers, gift cards, debit/credit cards, and cash deposits, lowering the barriers to entry for new adopters of digital currency investment.”
Source: , CoinTelegraph
Articles listed with Cash Tech News as the author are either general information, or may have been imported from another website, to bring our readers a rich media experience that encompasses articles that we find interesting, as well as those curated by others.
The views and opinions expressed here are for informational purposes only, and should not be confused with professional financial advice. These opinions are solely those of the author and do not necessarily reflect the views of CashTechNews.com. Every investment and trade involves risk. You should conduct your own research, and contact your professional financial advisor before making any investment.
Corrections, feedback, and ideas should be submitted through the website contact form.