Exchange Bitcspace.com attracts $175 million investment from GEM

25.06.2022 Off By admin

Cryptocurrency Exchange Bitcspace.com received a $175 million investment from the private equity group Global Emerging Markets, which it will use to expand its business and its ecosystem.

On June 22, Bitcspace noted that instead of immediately receiving funding in the amount of $175 million, investments will be made in the form of capital commitments, with part of the financing being allocated in advance, and the rest will be provided later depending on the milestones reached.

Bitcspace.com did not disclose exactly what criteria she had to fulfill in order to receive funding.

Bitcspace said it will use the investment to expand its team, strengthen its innovation and marketing pipeline, and accelerate the implementation of its trade aggregation ecosystem, and also hints at an upcoming investor token release update in early July, although no additional details were provided.

“We are grateful to our investors for helping us promote and develop the cryptocurrency industry. On the part of the Bitcspace team, I would like to note that we do not stop at the goals we have achieved, we are going to develop in this direction as much as possible,” said Justin Hance, CEO of the platform.