Home / Bitcoin News /BitMart Announces Funding From China-Based VC Firm — Fenbushi Capital

BitMart Announces Funding From China-Based VC Firm — Fenbushi Capital

09 Aug 2019

According to a recent report, BitMart, a popular digital assets trading platform has secured investment worth millions from Fenbushi Capital.

Bringing Transparency to the Global Economy

Reportedly, BitMart has joined over 50 international blockchain projects Fenbushi has invested in. The reason behind this is centred around bringing transparency to the global economy.

Sheldon Xia, founder and CEO of BitMart, said:

“The strategic collaboration with Fenbushi Capital and Bitrise Capital will undoubtedly help to establish a more open and transparent capital raising ecosystem for both investors and high-quality assets.”

BitMart Will Onboard New Members Once Everything is in Place

Once the all steps involved in the investment becomes finalised, BitMart’s Global Strategic Advisory Committee will onboard new member Bo Shen, founder and general partner of Fenbushi Capital.

Bo Shen will be joining other board members such as Kevin Shao, the general manager of blockchain branch of mining machines manufacturer Canaan Creative.

Paxful BTC payments Integration

Early this year, Paxful a peer-to-peer Bitcoin (BTC) marketplace announced a joint venture which will lead to it integrated into the BitMart platform to help to facilitate BTC payments on the trading platform.

Then, the CEO of the firm revealed that the partnership will significantly expand the number of ways by which the exchange’s users can purchase Bitcoin.

He said:

“With this partnership, investors will now have direct access to multiple payment approaches including bank transfers, gift cards, debit/credit cards, and cash deposits, lowering the barriers to entry for new adopters of digital currency investment.”

At the time, Ray Youssef, the CEO and co-founder of Paxful, stated:

“We’re excited to integrate with BitMart in efforts to bring more trading options to emerging markets. It has always been our mission to provide financial freedom worldwide and we see this as the next big step in the financial revolution.”

Source From : Coindoo News

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