Sphere Raises $5 Million in Funding Round Led by Coinbase and Kraken

Source
YM Lee

Summary

  • Sphere announced that it has completed a $5 million funding round.
  • It was reported that this round was led by global cryptocurrency exchanges Coinbase and Kraken.
  • Sphere stated that it will support the rapid flow of funds globally through stablecoins.

Sphere, a cross-border payment stablecoin company, announced that it has completed a funding round.

According to a report by Fortune on the 12th (local time), this round was led by global cryptocurrency exchanges Coinbase and Kraken.

Sphere stated, "We will provide cross-border economic services similar to Stripe through stablecoins and support the rapid flow of funds globally."

publisher img

YM Lee

20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
What did you think of the article you just read?