BiFinance Secures $100 Million Series A Funding

IconCryptoNewsTerminal Staff16 Aug, 2024

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BiFinance Secures $100 Million Series A Funding

BiFinance, a cryptocurrency exchange, has secured $100 million in a Series A funding round led by Hong Kong-listed SDM Education Group. The two companies have agreed to work together on long-term projects in the blockchain and decentralized Web3 ecosystem. They also plan to develop a system for digital credentials based on decentralization. BiFinance's total worth after this investment round is now $100 million. In addition to the financial investment, SDM Education and BiFinance have agreed to work together on a number of projects, including: Developing a decentralized system for digital credentials Collaborating on educational initiatives related to blockchain technology * Exploring new opportunities in the Web3 ecosystem This partnership is a major step forward for BiFinance, as it will provide the company with the resources and expertise it needs to continue growing and innovating in the blockchain space. For SDM Education, the partnership with BiFinance is a strategic move that will allow the company to expand its reach into the growing blockchain and cryptocurrency market.

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