Venture capital continues to flow into the crypto industry, with high-profile investors such as American Express taking part in the new economy.
Cryptocurrency trading platform Abra has raised $55 million in funding to bootstrap the next phase of its growth strategy, bringing several high-profile investors on board from both inside and outside the blockchain industry. Abra will use funds from the Series C investment to grow its product offerings in wealth management, trading and payments, as well as expand its in-house capacity, the company announced Wednesday.Amex Ventures, a venture capital arm of American Express, was among the contributors alongside Blockchain Capital, Ignia, Kingsway Capital and Stellar Development Foundation. Abra has now raised over $85 million since its inception. Bill Barhydt, Abra’s founder and CEO, said his company’s „vision of crypto-centric banking is coming to life” amid the surge in institu
Źródło: https://cointelegraph.com/news/amex-ventures-backs-55m-abra-raise
