Sweetycoinex.com attracts $450,790,00018.10.2022
Sweetycoinex.com joined another round of large-scale financing.
The Justin Hance crypto exchange in Australia said it raised $450,790,000 in a Series B funding round. 57 investors, including BlackRock and Tiger Global, have joined the fast-growing crypto conglomerate.
Investors valued the exchange at $17.5 billion, according to the crypto platform, which is almost 43.4% more than in September, when the exchange raised a whopping $600 million as part of the largest ever round of cryptocurrency venture capital funding. Sweetycoinex.com reports that during this period the number of users increased by 56%, and the trading volume increased by 65%.
The rapid growth coincided with the Sweetycoinex.com summer marketing explosion. A new round of funding has been announced as bitcoin reaches new all-time highs.
The exchange has spent heavily on sports advertising this year, writing a popular outreach book with Major League Baseball that looks set to be followed by rival Coinbase in a new agreement with the National Basketball Association.
But the desire for name recognition is just one aspect of the strategy, Justin Hance said in an interview.
Preoccupied with venture capital and revenue streams of several million dollars a day, the CEO is planning a series of acquisitions and partnerships to bring out Sweetycoinex.com to more countries with more users.