artnership will benefit the crypto space, bringing it closer to a broader global audience. \u003c/span\u003e\u003cblockquote\u003e\u003cp\u003e\u003cspan style=\"font-weight:400\"\u003e“This partnership is an important step for SIG that illustrates our strive to partner with the best players in every field. We believe this cooperation will create a synergy between SIG and KuCoin, benefiting the crypto industry by bringing it to a wider audience,” said the investment team.\u003c/span\u003e\u003c/blockquote\u003e\u003cp\u003e\u003cspan style=\"font-weight:400\"\u003eSpeaking on the latest development, Johnny Lyu, the CEO of KuCoin, stated that the support of SIG will help strengthen the company’s foothold in the crypto industry. \u003c/span\u003e\u003cblockquote\u003e\u003cp\u003e\u003cspan style=\"font-weight:400\"\u003e“KuCoin has been through a few crypto cycles, and we are committed to building no matter what. We are delighted to announce that we have found another partner with the same vision and values. The support of SIG will solidify our leading role as a centralized exchange and facilitate our ecosystem expansion in the decentralized Web 3.0 world,” said Lyu. \u003c/span\u003e\u003c/blockquote\u003e\u003ch2\u003e\u003cspan style=\"font-weight:400\"\u003eKuCoin Prepares for the Next Bull Market\u003c/span\u003e\u003c/h2\u003e\u003cp\u003e\u003cspan style=\"font-weight:400\"\u003eKuCoin also revealed that part of the funds would be used to enhance its infrastructure and product offerings in preparation for the next bull market. \u003c/span\u003e\u003cp\u003e\u003cspan style=\"font-weight:400\"\u003eAside from that, the funding will also be used to support the company’s global expansion and hiring plans. \u003c/span\u003e\u003cp\u003e\u003cspan style=\"font-weight:400\"\u003eThe exchange said it still has 300 job openings that need to be filled despite the current bear market that erased more than $2 trillion from the crypto industry, with Bitcoin and Ethereum dropping as low as $18,000 and $900, respectively, which spurred massive layoffs of employees to reduce costs. \u003c/span\u003e\u003cp\u003e\u003cspan style=\"font-weight:400\"\u003eMeanwhile\u003cem\u003e, Coinfomania\u003c/em\u003e reported that \u003c/span\u003e\u003cspan style=\"font-weight:400\"\u003eKuCoin secured $150 million\u003c/span\u003e\u003cspan style=\"font-weight:400\"\u003e in series B funding from top industry investors in May. \u003c/span\u003e\u003cspan style=\"font-weight:400\"\u003eThe funding, which skyrocketed the company’s valuation to $10 billion, was dedicated to business expansion across the Middle East, Latin America, Europe, Africa, and South Asia. \u003c/span\u003e"},"quick_take_points":[],"edited_by":null,"yoast_head_json":{"title":"Crypto Exchange KuCoin Secures $10 Million Strategic Investment From 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We believe this cooperation will create a synergy between SIG and KuCoin, benefiting the crypto industry by bringing it to a wider audience,” said the investment team.</span></p></blockquote><p><span style="font-weight:400">Speaking on the latest development, Johnny Lyu, the CEO of KuCoin, stated that the support of SIG will help strengthen the company’s foothold in the crypto industry. </span></p><blockquote><p><span style="font-weight:400">“KuCoin has been through a few crypto cycles, and we are committed to building no matter what. We are delighted to announce that we have found another partner with the same vision and values. The support of SIG will solidify our leading role as a centralized exchange and facilitate our ecosystem expansion in the decentralized Web 3.0 world,” said Lyu. </span></p></blockquote><h2><span style="font-weight:400">KuCoin Prepares for the Next Bull Market</span></h2><p><span style="font-weight:400">KuCoin also revealed that part of the funds would be used to enhance its infrastructure and product offerings in preparation for the next bull market. </span></p><p><span style="font-weight:400">Aside from that, the funding will also be used to support the company’s global expansion and hiring plans. </span></p><p><span style="font-weight:400">The exchange said it still has 300 job openings that need to be filled despite the current bear market that erased more than $2 trillion from the crypto industry, with Bitcoin and Ethereum dropping as low as $18,000 and $900, respectively, which spurred massive layoffs of employees to reduce costs. </span></p><p><span style="font-weight:400">Meanwhile<em>, Coinfomania</em> reported that </span><span style="font-weight:400">KuCoin secured $150 million</span><span style="font-weight:400"> in series B funding from top industry investors in May. </span><span style="font-weight:400">The funding, which skyrocketed the company’s valuation to $10 billion, was dedicated to business expansion across the Middle East, Latin America, Europe, Africa, and South Asia. </span></p></div><div class="mt-10 pt-8 border-t border-gray-200/80 dark:border-gray-700/80"><div class="bg-gray-50 dark:bg-neutral-900 rounded-xl p-4 md:p-6 border border-gray-200 dark:border-neutral-800 shadow-sm hover:shadow-md transition-shadow duration-300"><div class="space-y-4 md:grid md:grid-cols-[auto_1fr] md:gap-x-4 md:gap-y-3 md:items-center md:space-y-0 text-sm"><div class="font-medium text-gray-500 dark:text-gray-400  md:col-start-1">Written by:</div><div class="md:col-start-2"><div class="flex items-center space-x-2"><img alt="Chimamanda 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srcSet="/_next/image/?url=https%3A%2F%2Fsecure.gravatar.com%2Favatar%2F9e002b0413eb69c0ec6b6245ec27557562d607a4bb636750e688392998e75326%3Fs%3D96%26r%3Dg&amp;w=32&amp;q=75 1x, /_next/image/?url=https%3A%2F%2Fsecure.gravatar.com%2Favatar%2F9e002b0413eb69c0ec6b6245ec27557562d607a4bb636750e688392998e75326%3Fs%3D96%26r%3Dg&amp;w=64&amp;q=75 2x" src="/_next/image/?url=https%3A%2F%2Fsecure.gravatar.com%2Favatar%2F9e002b0413eb69c0ec6b6245ec27557562d607a4bb636750e688392998e75326%3Fs%3D96%26r%3Dg&amp;w=64&amp;q=75"/><div><p class="text-sm font-medium text-black dark:text-white">Shweta Chakrawarty</p><p class="text-sm text-neutral-400">Author</p></div></div></div></a></div></div></div></div></div></div><div class="h-20 w-full flex items-center justify-center"></div></div></main><aside class="hidden lg:block w-80 flex-shrink-0 order-3 mt-32"><div class="sticky top-[140px] space-y-6"></div></aside></div></div></main></div><div class="h-20 bg-gray-100 dark:bg-gray-900 animate-pulse"></div></div></div><script id="__NEXT_DATA__" type="application/json">{"props":{"pageProps":{"post":{"id":37020,"type":"post","_embedded":{"wp:featuredmedia":[{"media_details":{"sizes":{"full":{"source_url":"https://coinfomania.com/wp-content/uploads/Kucoin-Home-Image.webp"},"medium_large":{"source_url":"https://coinfomania.com/wp-content/uploads/Kucoin-Home-Image-768x513.webp"}},"source_url":"https://coinfomania.com/wp-content/uploads/Kucoin-Home-Image.webp"}}],"wp:term":[{"id":1808,"name":"Crypto Exchange News","slug":"exchange-news"},{"id":1810,"name":"Crypto Startup News","slug":"startup-news"},{"id":5,"name":"News","slug":"news"}]},"tag":{"id":4934,"name":"KCS","slug":"kcs"},"postCategoriesList":{"id":1808,"name":"Crypto Exchange News","slug":"exchange-news"},"title":{"rendered":"Crypto Exchange KuCoin Secures $10 Million Strategic Investment From SIG"},"slug":"crypto-exchange-kucoin-secures-10-million-strategic-investment-from-sig","readTime":"2 Min","date":"2022-07-21 10:49:58","date_gmt":"2022-07-21 14:49:58Z","modified_gmt":"2025-04-26 16:23:13Z","authors":[{"user_id":1782,"slug":null,"avatar_url":"https://secure.gravatar.com/avatar/9c17bad328eaedc0b6134b32086bc483f97b4c45424934b96fc9cd429c7fa013?s=96\u0026r=g","display_name":"Chimamanda Marcel","description":"","job_title":"Author","twitter":"","instagram":"","linkedin":"","facebook":""}],"category":"Crypto Exchange News","excerpt":null,"content":{"rendered":"\u003cp\u003e\u003cspan style=\"font-weight:400\"\u003ePopular cryptocurrency exchange KuCoin announced Thursday that it had \u003c/span\u003e\u003cspan style=\"font-weight:400\"\u003e\u003ca href=\"https://www.kucoin.com/blog/kucoin-announces-10-million-dollars-strategic-investment-from-sig\" rel=\"noopener noreferrer\"\u003esigned a partnership\u003c/a\u003e with Susquehanna International Group (SIG),\u003c/span\u003e\u003cspan style=\"font-weight:400\"\u003e a leading global quantitative trading company. \u003c/span\u003e\u003ch2\u003eKuCoin Secures $10 Million From SIG\u003c/h2\u003e\u003cp\u003e\u003cspan style=\"font-weight:400\"\u003eThe deal, which came with a $10 million strategic investment from SIG, allows both companies to work together to promote blockchain startup incubation and KCS \u0026 KCC ecosystem building. \u003c/span\u003e\u003cp\u003e\u003cspan style=\"font-weight:400\"\u003eKuCoin and SIG will jointly promote the small businesses through incubation, investments, and consultations with special treatments offered to those building on the KCC chain.\u003c/span\u003e\u003cp\u003e\u003cspan style=\"font-weight:400\"\u003eThe SIG investment team believes the p