In a current interview, Ben He, the founding father of main Chinese Ethereum pockets supplier, Imtoken, mentioned his firm’s progress. $35 billion value of crypto belongings are presently held in Imtoken wallets – together with funds owned by main cryptocurrency corporations similar to Coinbase. Imtoken additionally lately introduced that it has acquired $10 million USD from IDG Capital, and can quickly combine help for BTC.
Imtoken Raises $10 Million in Funding Round
In current days, Imtoken revealed that it has raised $10 million USD from IDG Capital by means of its Series A funding spherical. The firm, which claims to be the world’s largest Ethereum pockets, will now set its sights on increasing in the Asian and United States cryptocurrency markets.
Imtoken’s chief government officer and founder, Ben He, emphasised the corporate’s want to penetrate the Southeast Asian markets earlier than wanting towards main regional gamers akin to Korea, Japan, and India – stating that stated jurisdictions’ “regulations are maturing quickly.” After Asia, Imtoken will look towards main African markets, similar to Nigeria.
IDG Capital companion, Young Guo, stated that “Imtoken has developed its product into one of the top crypto asset wallets in the world with such a sound reputation. We believe it will become a significant infrastructure for the tokenization manifesto, benefitting both the crypto economy and blockchain technology. We’re excited to back Imtoken.”
Imtoken indicated that a lot of the newly raised capital might be put towards creating new options, together with help of BTC, EOS, and a variety of different altcoins.
$35 Billion Worth of Cryptocurrency Has Been Deposited in Imtoken Wallets
In a current interview, Mr. He described the corporate’s progress as having been “completely organic,” including “We didn’t have any marketing or promotional budget […] We noticed very early the potential of Ethereum and focused on it to differentiate against competitors.”
Since launching help for Ethereum in 2016, the corporate’s app has grown to retailer greater than $35 billion value of cryptocurrency belongings, together with “More than $20 billion” value of Coinbase’s clients funds, in response to a Coinbase spokesperson.
Since January, Imtoken customers are estimated to have accounted for about 10% of every day exercise happening on the Ethereum blockchain.
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