Connect with us

Press Release

BitMart received millions of Strategic Investment from Fenbushi Capital

Paul Stebbing

Published

on

Source: BitMart

BitMart, a premier global digital asset trading platform, is pleased to announce that it has received millions of investment from Fenbushi Capital, the first China-based venture capital firm that exclusively invests in blockchain-enabled companies. Bitrise Capital also offers a  follow-up investment.

Founded in 2015, Fenbushi Capital’s mission is to accelerate the unstoppable future of the blockchain economy by supporting start-up companies. With its experienced partners and powerful resources in both traditional finance and blockchain industry, Fenbushi Capital has invested in over 50 high-quality blockchain projects worldwide, aiming to bring more transparency, efficiency, and robustness into the global economy.

Bo Shen, Founder and General Partner of Fenbushi Capital said,

“We’re excited to close the deal. As our long-term vision is to help reach a consensus in the blockchain community, our partnership with BitMart will undoubtedly facilitate achieving this ambition based on our shared goals.”

This investment follows a string of new members joining BitMart. Bo Shen will be one of the core members in BitMart’s Global Strategic Advisory committee, along with Kevin Shao, the General Manager of Blockchain Branch of Canaan Creative, the second-largest mining machine manufacturer in the world. Their specialty in blockchain and decentralized finance and professional network will add critical value to BitMart’s business.

Sheldon Xia, Founder, and CEO of BitMar stated,

“Investment is always significant for a tech start-up. The strategic collaboration with Fenbushi Capital and Bitrise Capital will undoubtedly help establish a more open and transparent capital raising ecosystem for both investors and high-quality assets.”

With a vision of the future of digital assets, BitMart has collaborated with FINRA – registered broker-dealer to explore the opportunities in digitalized security. With support from Fenbushi Capital, it is believed that BitMart will further improve their user experience along with its rapid expansion in emerging markets, including Vietnam, Turkey, and Nigeria.

About BitMart

BitMart is a premier global digital asset trading platform, with over 900,000 users worldwide. BitMart currently offers 230 trading pairs with comparatively low trading fees in the market. BitMart has collaborated with Columbia University, New York University and Massachusetts Institute of Technology to promote blockchain education and to facilitate career development. BitMart is also a research partner of Blockchain Lab at The State University of New York at Stony Brook since 2018. As of today, BitMart has offices in South Korea, Hong Kong, United States, and Nigeria with employees in 15 different countries and regions.

About Fenbushi Capital

Fenbushi Capital is the first China-based venture capital firm that exclusively invests in Blockchain-enabled companies. Their mission is to accelerate the unstoppable future of the Blockchain economy. With their experienced partners in both the traditional finance and blockchain industry, Fenbushi Capital hopes to bring more transparency, efficiency, and robustness into the global economy.

About Bitrise Capital

BRC [Bitrise Capital] is a leading venture capital fund that focuses on blockchain-related investment. It is initiated by the preacher in the blockchain industry, aiming to excavate high-quality blockchain projects. Adhering to its three major strategies of global investment, key track, and infrastructure investment, BRC is expecting a global scale on the booming of application of distributed technology.

Paul is a software engineer and explored Bitcoin and cryptocurrencies during the early part of 2017. He entered the space by building his own mining rigs. He is currently a full-time member of AMBCrypto and writes about blockchain applications and cryptocurrency. You can email him at paul@ambcrypto.com.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *