BitCoke Raised $20M from An Investment Consortium Led by Huobi

Rainbow 6ix Crypto
2 min readMay 20, 2022

BitCoke Exchange, on May 12, revealed that it has successfully raised $20 million at a strategic private round in early 2022. The funds will be primarily used by the centralized exchange to design and develop key features connecting Cex with Dex, or decentralized exchange.

According to BitCoke’s official blog, the financing deal was reached with a group of investors led by Huobi Exchange, which also includes other notable institutions, and communities and KOLs, such as RedLine DAO, Krypital, LD Capital, AKG, VRM, Mint, WeBlock, 7 Clock, HTR, NFTGO, LTP, Scorpio, Eureka, Hotbit, JL Capital, Pento.

BitCoke is regarded as the world’s first Quanto swap crypto exchange, with trader-centric features, i.e. fair matching, fast execution, and low fees. Its original products, like Quanto swap, proprietar chart, and fund management system, make the exchange popular among traders, funds, and asset management firms. BitCoke has long ranked in the top 10 by volume at the CoinMarketCap derivative marketplace.

About BitCoke

BitCoke first went online in late 2019, it is a Hong Kong-based cryptocurrency derivatives exchange with a wide range of advanced trading tools. It has top-notch security and a pleasing no-downtime record. BitCoke now ranks 8th among the Top Cryptocurrency Derivatives Exchanges, according to CoinMarketCap.

BitCoke enables traders to try out new trading strategies such as hedging the value of Bitcoin and Ethereum when anticipating a market drop or taking short positions on weaker altcoin contracts using ETH as a settlement coin. Empowered by Quanto Swap, BitCoke is truly distinguished by its innovative features and flexible trading experience, which will be backed by a diverse, and frequently updating set of crypto coins.

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