Airbnb Co-Founder Participates in Almost $23 Million Funding Round for Crypto Startup

Cryptocurrency trading platform SFOX has announced the closure of a $22.7 million Series A funding round with participation from Airbnb co-founder Nathan Blecharczyk, according to an August 16 press release.

Co-founder and partner at Tribe Capital and Social Capital, Arjun Sethi, led the Series A funding round for the U.S.-based cryptocurrency dealer SFOX, with participation from Y Combinator, Khosla Ventures, Digital Currency Group, Blockchain Capital, and Blecharczyk.

The press release notes that the cryptocurrency dealer aims its services at “large-scale investors such as funds, family offices, and high-net-worth individuals,” and has more than $9 billion in transaction volumes to the present.

Sethi stated in the press release that the ability for institutions to “trade from a single account” and “buy and sell high volumes without impacting prices” is “exactly what institutional investors looking to embrace cryptocurrencies need […] as the ecosystem becomes more fragmented.”

The company’s Medium post notes that the goal of the funding round is to add cryptocurrency pairs, improve trading liquidity, and expand into “new geographical regions.”

Earlier this week, enterprise-focused blockchain startup Axoni had raised $32 million in a funding round led by Goldman Sachs and Nyca Partners, with other investors including Wells Fargo, JPMorgan, Citigroup, and Andreessen Horowitz.

In July, the venture capital arm of General Electric (GE) joined a $12 million investment round in blockchain startup Xage Security, along with City Light Capital and NexStar Partners.



Author: Cointelegraph By Max Yakubowski

Source link

Related posts

10 Thoughts to “Airbnb Co-Founder Participates in Almost $23 Million Funding Round for Crypto Startup”

  1. Football Solutions Vidal leveller pegs back Inter, Napoli march on

    THE INSIDE TRACK – NEIL ASHTON: It is possible that Chelsea legend Didier Drogba could start at Manchester United now.  Didier Drogba is one of the best strikers in Chelsea’s history… and he could create some more in place of Diego Costa at Old Trafford on Sunday 

  2. Football Solutions Under-17 - Mats Köhlert

    If ever there was a sign from the Gods that this World Cup tournament holds another twist in the tail for Stephen Warnock, it came with Fabio Capello’s squad announcement. THE MIDLANDER: More twists of fate await seven-minute wonder man Stephen Warnock

  3. futbol.run Women's World Cup - Matches

    Steven Gerrard didn’t play in a team as good as the United side graced by Paul Scholes and Roy Keane but there’s no doubt he is a top player. Gerrard, Scholes and Keane are three of a kind, yet each one is unique

  4. futbol.run UEFA Women's Champions League - Caroline Graham Hansen

    Wolves are considering a move for free agent Jeremie Aliadiere, 28, to cover for the injured Kevin Doyle. The French striker has been training with his old club Arsenal. Jeremie Aliadiere linked with move to Wolves as cover for injured Kevin Doyle

  5. cheap 420 mail order USA

    … [Trackback]

    […] Information to that Topic: tradingbtc.com/2018/08/16/airbnb-co-founder-participates-in-almost-23-million-funding-round-for-crypto-startup/ […]

  6. Vicenza Incontri Sabrina

    … [Trackback]

    […] Find More to that Topic: tradingbtc.com/2018/08/16/airbnb-co-founder-participates-in-almost-23-million-funding-round-for-crypto-startup/ […]

  7. คาสิโนออนไลน์เว็บตรง

    … [Trackback]

    […] There you will find 37839 additional Information to that Topic: tradingbtc.com/2018/08/16/airbnb-co-founder-participates-in-almost-23-million-funding-round-for-crypto-startup/ […]

  8. ดูหนังออนไลน์

    … [Trackback]

    […] Find More to that Topic: tradingbtc.com/2018/08/16/airbnb-co-founder-participates-in-almost-23-million-funding-round-for-crypto-startup/ […]

  9. buying mushrooms in denver​

    … [Trackback]

    […] Information on that Topic: tradingbtc.com/2018/08/16/airbnb-co-founder-participates-in-almost-23-million-funding-round-for-crypto-startup/ […]

  10. LSD stamps

    … [Trackback]

    […] Read More to that Topic: tradingbtc.com/2018/08/16/airbnb-co-founder-participates-in-almost-23-million-funding-round-for-crypto-startup/ […]

Leave a Comment