Crypto alternate Bitmart in talks to lift at $300 million valuation • TechCrunch

Cryptocurrency alternate Bitmart is in talks to lift about $20 million at a pre-money valuation of $300 million, two sources conversant in the matter instructed me.

Alexander Capital Ventures, identified for backing Airbnb and Spotify, is participating with Bitmart to guide its Sequence B spherical, the sources mentioned. Bitmart has raised about $10 million in its earlier financing rounds, in line with Crunchbase.

The alternate — which affords spot transactions, leveraged futures buying and selling, lending and staking providers for each retail and institutional buyers — clocked a income of $65 million within the first half of 2021, the sources mentioned, requesting anonymity, as the main points are personal.

Bitmart — which is among the many high 15 exchanges on the planet by quantity, in line with CoinGecko —  didn’t reply to a request for remark.

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