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.