Tiger Global Makes $25 Million Bet on Indian Crypto Exchange

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Tiger Global Makes $25 Million Bet on Indian Crypto Exchange

Bloomberg2021-04-22

Investment is Tiger’s first in Indian cryptocurrency market Series B round values CoinSwitch Kuber at over $500 million Tiger Global Management invested $25 million in cryptocurrency exchange ...

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arasan
·2021-04-22
Moon
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- HoeMeng:
  Moon
  2021-04-22
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Alibaba1688
·2021-04-22
Cool help me like comment
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Vin309
·2021-04-22
Like and comment
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- Iinus:
  To the moon ?
  2021-04-22
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Iinus
·2021-04-22
But india has recently banned trading in crypto’s
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Earlier investors include Ribbit Capital, Paradigm and Sequoia Capital India, which invested $15 million in January.\nFounded in 2017, CoinSwitch Kuber has more than 4.5 million users in India and is targeting 10 million users by the end of the year. The platform will use the funds to scale up, hire talent and grow awareness of cryptocurrencies among Indian retail investors as it seeks to replicate the explosive growth of rival platforms such as Coinbase and Binance.\nThe investment comes as Indian authorities mull legislation to prohibit all private cryptocurrencies. Millions of retail investors in the South Asian nation have flocked to digital assets in recent years after an earlier ban by the central bank that had effectively outlawed virtual currencies was struck down just as digital assets gained increasing legitimacy globally.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4104168,"gmtCreate":1619099478388,"gmtModify":1663225731442,"authorId":3569586413767440,"author":{"id":3569586413767440,"idStr":"3569586413767440","authorId":3569586413767440,"name":"HoeMeng","avatar":"https://static.tigerbbs.com/204cb10cf0f04fed8899705e7a54ea54","vip":1,"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":376193696,"type":1,"supId":0,"prevId":0,"content":"<u>Moon</u>","text":"<u>Moon</u>","html":"<u>Moon</u>"}],"langContent":"EN"},{"id":376371925,"gmtCreate":1619094347367,"gmtModify":1704719523964,"author":{"id":"3582187169933451","authorId":"3582187169933451","name":"Alibaba1688","avatar":"https://static.tigerbbs.com/2a75995a0a21e32877d4ee15bdee3d9f","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3582187169933451","authorIdStr":"3582187169933451"},"htmlText":"Cool help me like comment&nbsp;","listText":"Cool help me like comment&nbsp;","text":"Cool help me like comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/376371925","repostId":1176759771,"repostType":4,"repost":{"id":"1176759771","pubTimestamp":1619092406,"share":"https://ttm.financial/m/news/1176759771?lang=&edition=fundamental","pubTime":"2021-04-22 19:53","market":"us","language":"en","title":"Tiger Global Makes $25 Million Bet on Indian Crypto Exchange","url":"https://stock-news.laohu8.com/highlight/detail?id=1176759771","media":"Bloomberg","summary":"Investment is Tiger’s first in Indian cryptocurrency market\nSeries B round values CoinSwitch Kuber a","content":"<ul>\n <li>Investment is Tiger’s first in Indian cryptocurrency market</li>\n <li>Series B round values CoinSwitch Kuber at over $500 million</li>\n</ul>\n<p>Tiger Global Management&nbsp;invested $25 million in cryptocurrency exchange CoinSwitch Kuber, making its foray into the fast-growing digital currency market in India.</p>\n<p>The Series B round values Bangalore-based CoinSwitch Kuber at more than $500 million, according to a statement by the company Thursday. Earlier investors include Ribbit Capital, Paradigm and Sequoia Capital India, which invested $15 million in January.</p>\n<p>Founded in 2017, CoinSwitch Kuber has more than 4.5 million users in India and is targeting 10 million users by the end of the year. The platform will use the funds to scale up, hire talent and grow awareness of cryptocurrencies among Indian retail investors as it seeks to replicate the explosive growth of rival platforms such as&nbsp;Coinbase&nbsp;and Binance.</p>\n<p>The investment comes as Indian authorities mull&nbsp;legislation&nbsp;to prohibit all private cryptocurrencies. Millions of retail investors in the South Asian nation have flocked to digital assets in recent years after an earlier ban by the central bank that had effectively outlawed virtual currencies was&nbsp;struck down&nbsp;just as digital assets gained increasing legitimacy globally.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tiger Global Makes $25 Million Bet on Indian Crypto Exchange</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTiger Global Makes $25 Million Bet on Indian Crypto Exchange\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-22 19:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-22/tiger-global-makes-25-million-bet-on-indian-crypto-exchange?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investment is Tiger’s first in Indian cryptocurrency market\nSeries B round values CoinSwitch Kuber at over $500 million\n\nTiger Global Management invested $25 million in cryptocurrency exchange ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-22/tiger-global-makes-25-million-bet-on-indian-crypto-exchange?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-22/tiger-global-makes-25-million-bet-on-indian-crypto-exchange?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176759771","content_text":"Investment is Tiger’s first in Indian cryptocurrency market\nSeries B round values CoinSwitch Kuber at over $500 million\n\nTiger Global Management invested $25 million in cryptocurrency exchange CoinSwitch Kuber, making its foray into the fast-growing digital currency market in India.\nThe Series B round values Bangalore-based CoinSwitch Kuber at more than $500 million, according to a statement by the company Thursday. Earlier investors include Ribbit Capital, Paradigm and Sequoia Capital India, which invested $15 million in January.\nFounded in 2017, CoinSwitch Kuber has more than 4.5 million users in India and is targeting 10 million users by the end of the year. The platform will use the funds to scale up, hire talent and grow awareness of cryptocurrencies among Indian retail investors as it seeks to replicate the explosive growth of rival platforms such as Coinbase and Binance.\nThe investment comes as Indian authorities mull legislation to prohibit all private cryptocurrencies. Millions of retail investors in the South Asian nation have flocked to digital assets in recent years after an earlier ban by the central bank that had effectively outlawed virtual currencies was struck down just as digital assets gained increasing legitimacy globally.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":376343048,"gmtCreate":1619093374984,"gmtModify":1704719508711,"author":{"id":"3555908735229300","authorId":"3555908735229300","name":"Vin309","avatar":"https://static.tigerbbs.com/9ca4de1ca05f1d625f1bcdbc1d790726","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3555908735229300","authorIdStr":"3555908735229300"},"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/376343048","repostId":1176759771,"repostType":4,"repost":{"id":"1176759771","pubTimestamp":1619092406,"share":"https://ttm.financial/m/news/1176759771?lang=&edition=fundamental","pubTime":"2021-04-22 19:53","market":"us","language":"en","title":"Tiger Global Makes $25 Million Bet on Indian Crypto Exchange","url":"https://stock-news.laohu8.com/highlight/detail?id=1176759771","media":"Bloomberg","summary":"Investment is Tiger’s first in Indian cryptocurrency market\nSeries B round values CoinSwitch Kuber a","content":"<ul>\n <li>Investment is Tiger’s first in Indian cryptocurrency market</li>\n <li>Series B round values CoinSwitch Kuber at over $500 million</li>\n</ul>\n<p>Tiger Global Management&nbsp;invested $25 million in cryptocurrency exchange CoinSwitch Kuber, making its foray into the fast-growing digital currency market in India.</p>\n<p>The Series B round values Bangalore-based CoinSwitch Kuber at more than $500 million, according to a statement by the company Thursday. Earlier investors include Ribbit Capital, Paradigm and Sequoia Capital India, which invested $15 million in January.</p>\n<p>Founded in 2017, CoinSwitch Kuber has more than 4.5 million users in India and is targeting 10 million users by the end of the year. The platform will use the funds to scale up, hire talent and grow awareness of cryptocurrencies among Indian retail investors as it seeks to replicate the explosive growth of rival platforms such as&nbsp;Coinbase&nbsp;and Binance.</p>\n<p>The investment comes as Indian authorities mull&nbsp;legislation&nbsp;to prohibit all private cryptocurrencies. Millions of retail investors in the South Asian nation have flocked to digital assets in recent years after an earlier ban by the central bank that had effectively outlawed virtual currencies was&nbsp;struck down&nbsp;just as digital assets gained increasing legitimacy globally.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tiger Global Makes $25 Million Bet on Indian Crypto Exchange</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTiger Global Makes $25 Million Bet on Indian Crypto Exchange\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-22 19:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-22/tiger-global-makes-25-million-bet-on-indian-crypto-exchange?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investment is Tiger’s first in Indian cryptocurrency market\nSeries B round values CoinSwitch Kuber at over $500 million\n\nTiger Global Management invested $25 million in cryptocurrency exchange ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-22/tiger-global-makes-25-million-bet-on-indian-crypto-exchange?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-22/tiger-global-makes-25-million-bet-on-indian-crypto-exchange?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176759771","content_text":"Investment is Tiger’s first in Indian cryptocurrency market\nSeries B round values CoinSwitch Kuber at over $500 million\n\nTiger Global Management invested $25 million in cryptocurrency exchange CoinSwitch Kuber, making its foray into the fast-growing digital currency market in India.\nThe Series B round values Bangalore-based CoinSwitch Kuber at more than $500 million, according to a statement by the company Thursday. Earlier investors include Ribbit Capital, Paradigm and Sequoia Capital India, which invested $15 million in January.\nFounded in 2017, CoinSwitch Kuber has more than 4.5 million users in India and is targeting 10 million users by the end of the year. The platform will use the funds to scale up, hire talent and grow awareness of cryptocurrencies among Indian retail investors as it seeks to replicate the explosive growth of rival platforms such as Coinbase and Binance.\nThe investment comes as Indian authorities mull legislation to prohibit all private cryptocurrencies. Millions of retail investors in the South Asian nation have flocked to digital assets in recent years after an earlier ban by the central bank that had effectively outlawed virtual currencies was struck down just as digital assets gained increasing legitimacy globally.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4103316,"gmtCreate":1619093479565,"gmtModify":1680785118391,"authorId":3554042150050333,"author":{"id":3554042150050333,"idStr":"3554042150050333","authorId":3554042150050333,"name":"Iinus","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":376343048,"type":1,"supId":0,"prevId":0,"content":"To the moon ?","text":"To the moon ?","html":"To the moon ?"}],"langContent":"EN"},{"id":376340252,"gmtCreate":1619093303176,"gmtModify":1704719506613,"author":{"id":"3554042150050333","authorId":"3554042150050333","name":"Iinus","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3554042150050333","authorIdStr":"3554042150050333"},"htmlText":"But india has recently&nbsp; banned trading in &nbsp; &nbsp;&nbsp;crypto’s&nbsp;","listText":"But india has recently&nbsp; banned trading in &nbsp; &nbsp;&nbsp;crypto’s&nbsp;","text":"But india has recently banned trading in crypto’s","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/376340252","repostId":1176759771,"repostType":4,"repost":{"id":"1176759771","pubTimestamp":1619092406,"share":"https://ttm.financial/m/news/1176759771?lang=&edition=fundamental","pubTime":"2021-04-22 19:53","market":"us","language":"en","title":"Tiger Global Makes $25 Million Bet on Indian Crypto Exchange","url":"https://stock-news.laohu8.com/highlight/detail?id=1176759771","media":"Bloomberg","summary":"Investment is Tiger’s first in Indian cryptocurrency market\nSeries B round values CoinSwitch Kuber a","content":"<ul>\n <li>Investment is Tiger’s first in Indian cryptocurrency market</li>\n <li>Series B round values CoinSwitch Kuber at over $500 million</li>\n</ul>\n<p>Tiger Global Management&nbsp;invested $25 million in cryptocurrency exchange CoinSwitch Kuber, making its foray into the fast-growing digital currency market in India.</p>\n<p>The Series B round values Bangalore-based CoinSwitch Kuber at more than $500 million, according to a statement by the company Thursday. Earlier investors include Ribbit Capital, Paradigm and Sequoia Capital India, which invested $15 million in January.</p>\n<p>Founded in 2017, CoinSwitch Kuber has more than 4.5 million users in India and is targeting 10 million users by the end of the year. The platform will use the funds to scale up, hire talent and grow awareness of cryptocurrencies among Indian retail investors as it seeks to replicate the explosive growth of rival platforms such as&nbsp;Coinbase&nbsp;and Binance.</p>\n<p>The investment comes as Indian authorities mull&nbsp;legislation&nbsp;to prohibit all private cryptocurrencies. Millions of retail investors in the South Asian nation have flocked to digital assets in recent years after an earlier ban by the central bank that had effectively outlawed virtual currencies was&nbsp;struck down&nbsp;just as digital assets gained increasing legitimacy globally.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tiger Global Makes $25 Million Bet on Indian Crypto Exchange</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTiger Global Makes $25 Million Bet on Indian Crypto Exchange\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-22 19:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-22/tiger-global-makes-25-million-bet-on-indian-crypto-exchange?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investment is Tiger’s first in Indian cryptocurrency market\nSeries B round values CoinSwitch Kuber at over $500 million\n\nTiger Global Management invested $25 million in cryptocurrency exchange ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-22/tiger-global-makes-25-million-bet-on-indian-crypto-exchange?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-22/tiger-global-makes-25-million-bet-on-indian-crypto-exchange?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176759771","content_text":"Investment is Tiger’s first in Indian cryptocurrency market\nSeries B round values CoinSwitch Kuber at over $500 million\n\nTiger Global Management invested $25 million in cryptocurrency exchange CoinSwitch Kuber, making its foray into the fast-growing digital currency market in India.\nThe Series B round values Bangalore-based CoinSwitch Kuber at more than $500 million, according to a statement by the company Thursday. Earlier investors include Ribbit Capital, Paradigm and Sequoia Capital India, which invested $15 million in January.\nFounded in 2017, CoinSwitch Kuber has more than 4.5 million users in India and is targeting 10 million users by the end of the year. The platform will use the funds to scale up, hire talent and grow awareness of cryptocurrencies among Indian retail investors as it seeks to replicate the explosive growth of rival platforms such as Coinbase and Binance.\nThe investment comes as Indian authorities mull legislation to prohibit all private cryptocurrencies. Millions of retail investors in the South Asian nation have flocked to digital assets in recent years after an earlier ban by the central bank that had effectively outlawed virtual currencies was struck down just as digital assets gained increasing legitimacy globally.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":9,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}