The African Exchange Attracted Investment From Coinbase and Square
In its A series round of investments the African crypto exchange Yellow Card managed to attract $15 million investment. Among their investors were such giants of the industry as Coinbase, Square, Blockfi, Polychain Capital and others.
Yellow Card is a Bitcoin exchange that has existed on the crypto market since 2018. Their service covers 12 countries. It’s the biggest African crypto exchange at the moment. The pandemics of COVID-19 brought them numerous customers and expanded their community 30 times.
Bitcoin, Ethereum and USDT are traded there. The number of transactions increased 13 times over the last year. Jack Dorsey believes that Africa is among the most promising regions for crypto development at the moment.