Hong Kong-based crypto-financial lender Babel Finance has raised $80 million in Series B funding at a valuation of $2 billion.
Del Wang, co-founder and CEO of Babel Finance, said that:
"The crypto financial market is full of opportunities and hidden risks. From the perspective of short-term profits, the retail market and Altcoins may have higher profit margins, but we pay more attention to the long-term development of the industry and aim to lead in institutional financial services and innovation."
Babel Finance is a leading global cryptocurrency financial institution dedicated to serving high-net-worth individuals and institutional clients worldwide with professional crypto financial services, including 3 core businesses: crypto lending, crypto asset management, and crypto prime financing. But only for Bitcoin, Ethereum, and stablecoins.
Babel Finance has raised $120 million in funding over 4 rounds. Its team has also grown from an initial 50 to 170, in addition to having an office...
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