Crypto exchange KuCoin raises funds at 10 billion valuation

KuCoin’s valuation has surged to $10 billion in its first financing round in four years as the global cryptocurrency exchange looks to make a deeper push into broadening its web3 ecosystem, it said Tuesday.The Seychelles-based firm said it has raised $150 million in a pre-Series B financing round led by Jump Crypto. Circle Ventures, IDG Capital and Matrix Partners also participated in the new round, KuCoin said.