Hong Kong-based international cryptocurrency exchange KuCoin has closed a series A investment spherical really worth $20 million, the company confirmed Nov. 14.
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Hong Kong Exchange KuCoin Nets $20 Million Investment From Major VC Firms
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the exchanges continue to grow
The price of bitcoin is totaly in manipolation , because big whales by bitcoin at cheap price to get maximum profit in future
These exchanges are getting a lot of money from VC firms so they see the growth potential in them.
There is big potential in this kind of investment and Kucoin was just taking its chance .... since crypto is trending, there will be a lot more joining the trend.