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Singaporean Crypto Exchange Zipmex Raises Over $6M Fund

Singaporean Crypto Exchange Zipmex Raises Over $6M Fund
  • Singapore-based crypto exchange Zipmex has raised $6 million in funds.
  • Among the investors, Jump Capital led Zipmex’s $6 million funding.
  • Consequently, this has drastically increased the company’s total fund to over $10.9 million at the time of writing.

According to TechCrunch, Zipmex cryptocurrency exchange has raised a whopping $6 million fund. Among the investors, Jump Capital played a big role in the success of Zipmex exchange’s fundraising.

Initially, the company targeted to achieve $4 million. Instead, it exceeded $6 million in funding. As a result, it drastically increased Zipmex’s total fund to $10.9 million.

Consequently, Zipmex aims to use the $6 million fund to add more curated product offerings and hire new joiners as well.

Zipmex Co-Founder Marcus Lim said,

We currently offer customers to invest and earn interest on their digital asset. In the future, we are planning to roll out payments and lending and the investment into securitized tokens.

Launched in 2019, Zipmex is a peer-to-peer (P2P) digital asset exchange. Its main office is located in Singapore. It also hopes to become the largest crypto bank in Asia later on.

Meanwhile, Zipmex’s crypto exchange platform has obtained regulatory approval in countries such as Australia, Singapore, and Indonesia. Furthermore, the company has secured a license in Thailand to carry out its crypto-related operations.

Zipmex also welcomes new investors and high net-worth personalities to the crypto industry with educational features based on blockchain. According to the company, it has earned over $600 million gross transaction volume since its inception.

Disclaimer: The CoinQuora team is not a part of this event’s organizers. We are not endorsing any information on any company or individual on this page. Hence, we are only providing comprehensive information based on the organizer’s provided details. CoinQuora is and will not be responsible for any damage or loss caused directly or indirectly by participating in this event. All questions/ clarifications/ suggestions should be directed to the organizing team.

Collins Adane is a writer who follows the crypto industry closely. He loves fish stew and Real Madrid. He believes in cryptocurrency’s potential to transform the money landscape in his native country Ghana.