CoinP.com completes new round of US$50 million financing

Odaily Planet Daily News Cryptocurrency trading platform CoinP announced the completion of a new round of financing of US$50 million. The lead investor in this round of financing is the Abu Dhabi Sovereign Wealth Fund, and includes several traditional enterprises. CoinP founder Joe Lu said that the funds raised this time will be used for platform technology upgrades and global business expansion, further strengthening its competitiveness as a technology-based trading platform in the crypto trading ecosystem. It is reported that CoinP ranks 27th in the world in terms of non-small accounts.