Singapore, 29th May, 2020 – Through its BiKi Industry Fund, the BiKi Group has recently made a strategic investment of USD 3 million to Kmex, a contract trading platform.
This astute move is set to develop and advance BiKi’s contract business as well as to provide their platform users with a simple and smooth trading experience.
As the investment arm of the BiKi Group, the BiKi Industry Fund has set aside USD 10 million in 2020 to support excellent blockchain entrepreneurial teams and form an upstream and downstream collaboration within the BiKi ecosystem.
Kmex is a cryptocurrency derivative trading platform founded in 2020. With in-depth understanding of financial derivatives trading and product design, the Kmex platform features operational simplicity and a user-friendly interface. This has earned Kmex a leading position in contract trading as it targets the market of new contract users.
Founder and CEO of BiKi Group, Winter Li, says, “This is a win-win cooperation for both parties and a complementary addition to the whole BiKi ecosystem. BiKi is glad to exchange our global expertise and knowledge with the key players in different fields to boost the blockchain ecosystem.”
The BiKi Group has also announced that part of the profits derived from BiKi’s invested companies will be used for the buyback and burning of BIKI, the native token of its crypto platform BiKi.com. This will inject new impetus into the deflation economy model of the BIKI token.
Currently, the invested companies of the BiKi Group include Kmex.io and Xuebi.io. Earlier in February this year, the BiKi Industry Fund strategically invested in Xuebi.io, the world’s first community federated digital asset trading platform, and also launched its premiere IEO for the XB token.
Headquartered in Singapore, BiKi.com is a global cryptocurrency exchange ranked Top 20 on CoinMarketCap. BiKi.com provides a digital assets platform for trading more than 150 cryptocurrencies and 280 trading pairs. BiKi.com is focused on providing the safest, most stable and most effective cryptocurrency trading platform. 100% of the transaction fees are used in buyback and burning of platform token, BIKI. Since its official opening in August 2018, BiKi.com is considered one of the fastest-growing cryptocurrency exchanges in the world with an accumulated 3 million registered users, 50,000 daily active users, over 2,000 community partners and 200,000 community members. BiKi.com has received investments from Huobi co-founder Du Jun, Genesis Capital Zhu Huai Yang, FBG Capital, ChainUP and others totaling approximately 10 million USD.