Chinese crypto-currency trading platform OKCoin has received around ten million dollars of Series A funding from investment institutions (Ceyuan Venture Capital, Mandra Capital, Ventures Lab) and venture capitalists (prominent angel investor Cai Wensheng, founder of e-commerce site Xiu.com Huang Jin, founder of developer community CSDN Jiang Tao, chairman of Chinese Yough Angel Investor Leader Association Yang Ning, founder of angel investor Pre-Angel Wang Lijie, founder of tech media Leiphone Lin Jun, etc.).

This round of financing was closed at the end of last year, said founder of the company Xu Mingxing, adding that the capital will be used in team construction, product development and security improvement. He Yize, vice president of OKCoin, noted that the company is in talks for Series B funding and has plans to explore overseas market.

According to data released by the company, OKCoin’s daily trading volume has reached 300,000 Bitcoins and 13 million Litecoins as of present.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.