Crypto exchange Bitmart in talks to raise at $300 million valuation – TechCrunch

Cryptocurrency alternate Bitmart is in talks to lift about $20 million at a pre-money valuation of $300 million, two sources acquainted with the matter instructed me.

Alexander Capital Ventures, identified for backing Airbnb and Spotify, is partaking with Bitmart to steer its Collection B spherical, the sources stated. Bitmart has raised about $10 million in its earlier financing rounds, based on Crunchbase.

The alternate — which affords spot transactions, leveraged futures buying and selling, lending and staking companies for each retail and institutional buyers — clocked a income of $65 million within the first half of 2021, the sources stated, requesting anonymity as the main points are non-public.

Bitmart — which is among the many high 15 exchanges on the planet by quantity, based on CoinGecko —  didn’t reply to a request for remark.