Digital assets trading platform BitMart has reportedly secured “millions of investment” from Chinese blockchain-focused venture capital firm Fenbushi Capital. BitMart announced the news on Aug. 7.
To bring transparency to the global economy
With the investment, BitMart has joined over 50 international blockchain projects Fenbushi has invested in, aiming to achieve more transparency and efficiency in the global economy. Sheldon Xia, founder and CEO of BitMart, said:
Following the investment, BitMart’s Global Strategic Advisory Committee will onboard new member Bo Shen, founder and general partner of Fenbushi Capital. Shen follows a string of new board members like Kevin Shao, the general manager of blockchain branch of mining machines manufacturer Canaan Creative.
Facilitating BTC payments
As reported in February, peer-to-peer Bitcoin (BTC) marketplace Paxful announced a joint venture that saw Paxful integrated as a means of facilitating BTC payments on the BitMart platform. Ripple news and bitcoin news
At the time, Xia, emphasized that the partnership will significantly expand the number of ways by which the exchange’s users can purchase Bitcoin, stating: