Crypto exchange BitMart receives investment from Fenbushi Capital

BitMart, a global digital asset trading exchange platform, today announced that it has received millions in investment from Fenbushi Capital, the first China-based venture capital firm that exclusively invests in blockchain-enabled companies. Bitrise Capital also offered up a follow-up investment.

Founded in 2015, Fenbushi Capital’s mission is to accelerate the blockchain economy by supporting start-up companies. With its experienced partners and powerful resources in both traditional finance and blockchain industry, Fenbushi Capital has invested in over 50 high-quality blockchain projects worldwide.

“We’re excited to close the deal,” says Bo Shen, Founder and General Partner of Fenbushi Capital. “As our long-term vision is to help reach a consensus in the blockchain community, our partnership with BitMart will undoubtedly facilitate achieving this ambition based on our shared goals.”

This investment follows a string of new members joining BitMart. Bo Shen will be one of the core members in BitMart’s Global Strategic Advisory Committee, along with Kevin Shao, the General Manager of Blockchain Branch of Canaan Creative, the second-largest mining machines manufacturer in the world. Their specialty in blockchain and decentralized finance and professional network will add critical value to BitMart’s business.