100x Ventures investment fund, formerly BitMEX Ventures, the investment arm of BitMEX, poured capital into the VCC Exchange.
VCC Exchange (VCCE) (part of VCC Holdings) announced that it received a $ 1.5 million investment from 100x Ventures, the 100x Group's investment arm, best known as is the operator of the world's leading digital asset derivative exchange, BitMEX. The investment deal is expected to be completed by the end of this month.
100x Ventures (BitMEX) invests in VCC Exchange
The event "Vietnam Blockchain Startup 2019" organized by VCC Exchange
This investment will allow VCC Exchange to build a market leader and capitalize on the growing popularity of transactions in Vietnam, which will primarily be used for marketing and product development activities.
Multi-user page: bitcoin to paypal
VCC Exchange will begin with the launch of the OTC P2P Trading platform, along with an upgraded version of the website and mobile app. In the near future, VCC Exchange will target other breakthroughs such as the integration of Credit and Debit Cards and derivative transactions.
VCC Exchange, originally supported by Signum Capital and Axiom Associates, is a prominent startup in the digital assets and Blockchain technology fields. In addition to providing digital asset transactions with each other (cryptocurrencies) like regular exchanges, VCC Exchange also offers Vietnamese users the ability to trade between digital assets and fiat money.
This makes VCCE a most popular crypto and fiat currency exchange for Vietnamese users. The company's decision to cooperate with the 100x Group opens a huge opportunity for the long-term development of the digital asset industry in Vietnam.
Particularly for VCCE, they project average daily trading volume on the exchange to increase 500% over the next 24 months, especially as it accompanies the upcoming launch of P2P Trading.
“It is an honor that VCC Exchange has been interested by many investors and offered to invest at the same time,” said Son Ho - CMO of VCC Exchange, “However, VCC Exchange chose 100x Group as their home. Invested in because there are many things we can learn from their operating experience, especially with the prestigious BitMEX platform ”.
Arthur Hayes, CEO and Co-Founder of 100x Group, said, “Vietnam has the potential for explosive growth in this market with many positive points about the legal development of the industry since last year, and VCC Exchange is one of the key players in the market.
Our investment in VCC Exchange demonstrates our support for the corporate team, its technology and users, as well as the long-term growth outlook for the digital asset sector in Vietnam. ".
Arthur Hayes
Arthur Hayes, CEO and Co-founder of 100x Group
Prior to this investment round from 100x Group, VCC Exchange has successfully mobilized seed funding, led by Signum Capital and other investment funds such as Axiom Associates.
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