Binance Labs leads a $12 million investment round for a crypto wallet… Details here
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Answer Binance Labs leads a $12 million investment round for a crypto wallet… Details here
Binance Labs, a subsidiary of the parent company Binance, has led a $12 million investment round for MATH, the company behind the multi-platform cryptocurrency wallet ‘MathWallet’.
The results of the Series B funding round were announced in a post on Binance Blog On December 17.
Participants in the funding round led by Binance Labs are NGC Ventures, Amber Group and Capital6 Eagle.
As mentioned in the blog post, the investment will enable MATH to accelerate the upcoming MathWallet upgrade, create a larger ecosystem of decentralized applications, and provide a more intuitive user experience for customers.
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The company will also work with the new “Binance Smart Chain” blockchain to enter new markets and increase their trading volume, as it was among the first wallets to support the Binance network.
MATH’s cooperation with Binance Smart Chain played an important role in the investment decision, which was stated by Said Wei Zhou, Chief Financial Officer of Binance Labs.
Eric Yu, MathWallet co-founder and chief technology officer, expressed his happiness with the investment and stated that the enhanced partnership between Binance and MATH will expand the MathWallet business to the global market.
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