Raises $110 Million in Series E Round Led by Kingsway Secures $110 Million in Series E Funding, a cryptocurrency enterprise that offers a digital asset exchange, a blockchain explorer, and a non-custodial wallet, has recently announced that it has raised $110 million in a Series E funding round. The funding round was led by Kingsway, a prominent investor in the crypto space. This news has garnered significant attention in the industry, highlighting the continued growth and potential of

Notable Investors Participate in the Funding Round

In addition to Kingsway, several other notable investors participated in the Series E funding round for These investors include Coinbase Ventures, Lakestar, Lightspeed Venture Partners, and Baillie Gifford. The participation of these investors further validates the potential of and its role in the cryptocurrency ecosystem.

This funding round also saw the involvement of investors who had previously participated in the Series D round. This demonstrates the continued confidence and support from existing investors in's vision and growth trajectory. Despite this successful funding round, it is worth noting that's post-valuation is reported to be less than half of its estimated value in 2022, indicating potential challenges and market dynamics in the crypto industry.'s Strategic Acquisitions and Investments has not only attracted significant funding but has also made strategic acquisitions to enhance its offerings and expand its reach in the crypto market. Over the years, the company has acquired Zeroblock,, Aix,, and Altonomy. These acquisitions have allowed to strengthen its position and offer a wide range of services to its users.

In addition to acquisitions, has actively invested in various crypto projects, supporting initiatives like Zetachain, Arbitrum, Messari, and Gnosis. This commitment to investing in the crypto space further solidifies's role as a key player in the industry.

Expanding Services and Partnerships has not only focused on acquisitions and investments but has also expanded its services and formed strategic partnerships. The company introduced a crypto Visa card in October 2022, offering users 1% cashback in crypto rewards. This move aims to make cryptocurrencies more accessible and integrated into everyday financial transactions.

Furthermore, secured a payment license in Singapore in August, indicating its commitment to expanding its global presence and complying with regulatory requirements. The company also formed a multi-year partnership with the Dallas Cowboys and their star quarterback, Dak Prescott, in 2022, showcasing the increasing mainstream adoption and acceptance of cryptocurrencies.

Conclusion's successful Series E funding round demonstrates the continued growth and potential of the company in the cryptocurrency industry. With significant investments, strategic acquisitions, and expanding services, is well-positioned to capitalize on the evolving crypto landscape. As the industry continues to mature,'s role as a leading player is expected to strengthen, offering innovative solutions and driving the adoption of cryptocurrencies.

What are your thoughts on's recent funding round? Share your opinions and insights in the comments below.

Frequently Asked Questions

How much are gold IRA fees?

$6 per month is the Individual Retirement Account Fee (IRA). This includes account maintenance fees and investment costs for your chosen investments.

Diversifying your portfolio may require you to pay additional fees. These fees can vary depending on which type of IRA account you choose. Some companies offer free checking accounts, but charge monthly fees to open IRA accounts.

Many providers also charge annual management fees. These fees can range from 0% up to 1%. The average rate per year is.25%. These rates can often be waived if a broker, such as TD Ameritrade, is involved.

What is the tax on gold in Roth IRAs?

A tax assessment for an investment account will be based on the current market value, and not what you paid initially. If you invest $1,000 in mutual funds or stocks and then later sell them, all gains are subjected to taxes.

The money can be withdrawn tax-free if it's deposited in a traditional IRA (or 401(k)). You pay taxes only on earnings from dividends and capital gains — which apply only to investments held longer than one year.

These rules vary from one state to another. In Maryland, for example, withdrawals must be made within 60 days of reaching the age of 59 1/2 in order to qualify. Massachusetts allows you to delay withdrawals until April 1. New York is open until 70 1/2. You should plan and take distributions early enough to cover all retirement savings expenses to avoid penalties.

What is the best precious-metal to invest?

The answer to this question depends on how much risk you are willing to take and what type of return you want. Although gold has traditionally been considered a safe investment choice, it may not be the most profitable. Gold may not be right for you if you want quick profits. Silver is a better investment if you have patience and the time to do it.

If you don’t want to be rich fast, gold might be the right choice. Silver may be a better option for investors who want long-term steady returns.


  • If you take distributions before hitting 59.5, you'll owe a 10% penalty on the amount withdrawn. (
  • You can only purchase gold bars at least 99.5% purity. (
  • The price of gold jumped 131 percent from late 2007 to September 2011, when it hit a high of $1,921 an ounce, according to the World Gold Council. (
  • Gold is considered a collectible, and profits from a sale are taxed at a maximum rate of 28 percent. (
  • (Basically, if your GDP grows by 2%, you need miners to dig 2% more gold out of the ground every year to keep prices steady.) (

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How To

Tips for Investing Gold

Investing in Gold remains one of the most preferred investment strategies. Because investing in gold has many benefits. There are many ways you can invest in gold. Some people choose to purchase gold coins physically, while some prefer to invest with gold ETFs.

Before buying any kind of gold, you need to consider these things.

  • First, verify that your country permits gold ownership. If the answer is yes, you can go ahead. You might also consider buying gold in foreign countries.
  • The second is to decide which kind of gold coin it is you want. You can go for yellow gold, white gold, rose gold, etc.
  • The third factor to consider is the price for gold. Start small and move up. Diversifying your portfolio is a key thing to remember when purchasing gold. Diversify your investments in stocks, bonds or real estate.
  • Lastly, you should never forget that gold prices change frequently. Therefore, you have to be aware of current trends.


By: Jamie Redman
Title: Raises $110 Million in Series E Round Led by Kingsway
Sourced From:
Published Date: Thu, 16 Nov 2023 12:30:24 +0000

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