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.
With support from Fenbushi Capital, BitMart aims to improve user experience along with its expansion in emerging markets, including Vietnam, Turkey, and Nigeria.
“We’re excited to close the deal. 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.”
– Bo Shen, Founder and General Partner of Fenbushi Capital
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.
This investment follows a string of new members joining BitMart. Bo Shen will be one of the core members of 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.