ViaBTC Raises ¥20M in Series A Funding
Chinese bitcoin mining pool ViaBTC has raised approximately ¥20 million (approx $3 million USD) in a Series A round led by Bitmain and other private investors.
ViaBTC stated that it will use the funding to open a China-based CNY/BTC exchange in two months, with a USD/BTC exchange to follow.
“From the company level, we want to expand our business in the cryptocurrency industry and cover the entire industry chain in the long run for sustainable development,” said ViaBTC COO Sara Ouyang. “Mining and the exchange are both very important foundations for the industry. We have done a not-bad job in mining, and we believe the market for exchanges is big enough for us to multiply our users if we can do a good job, too.”
The company mined the 2000th blocks early this year and is the world’s first public pool that switched to Bitcoin Unlimited. ViaBTC was also the first Chinese pool to pay out transaction fees.
