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The Chinese group OK has made a $ 21 million investment in the Brazilian exchange Foxbit.

According to reports by Bloomberg Linia and other news agencies. blockchain company OK Group has led a $ 21 million Serie A investment to Brazilian exchange firm Foxbit. According to news reports, Foxbit will allocate the budget to hire, technology, and potential purchases.

According to the Foxbit website, the Sao Paulo-based exchange was founded in 2014 by Joao Canada and Luis Augusto Xiavon. Felipe Trovão was the company’s first investment partner. And reports suggest that the exchange has nearly 1 million registered users.

In 2020, Foxit had transactions of more than 3 billion Brazilian riyals ($ 593 million). The exchange announced in December that it had traded more than 9 billion rials (nearly $ 1.8 billion) in its entire history. According to the company’s blog, the company’s workforce has grown by 40% in 2021.

Foxbit Exchange supports a wide range of assets. These include digital currencies such as Bitcoin and Ethereum, as well as stable coins and tool tokens, and new On February 16, five new cryptocurrencies were added by the exchange, including Shiba Inu (SHIB), Gala (GALA), Phantom (FTM), LooksRare (LOOKS) and Illuvium (ILV). In addition, the Foxbit Pay bitcoin payment platform will offer the encrypted product as a Compra Fácil Crypto service and asset token services, Foxbit Tokens.

Source: theblockcrypto

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