Singapore's itBit raises capital for Bitcoin exchange
Canaan Partners and RRE Ventures have co-led a $3.25 million round of funding for Singapore-headquartered Bitcoin exchange itBit. Liberty City Ventures, as well angel investors such as The Jordan Company’s Jay W. Jordan II and Beluga co-founder Ben Davenport also participated in the round.
Bitcoin (BTC) is a decentralised digital currency offering a peer-to-peer payment method that circumvents costly bank fees when making online payments across international borders. itBit supports trades...
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