{"id":52372,"date":"2021-11-05T10:43:29","date_gmt":"2021-11-05T08:43:29","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=52372"},"modified":"2025-09-03T09:54:17","modified_gmt":"2025-09-03T06:54:17","slug":"ascendex-raises-50-million-in-series-b-led-by-polychain-capital-and-hack-vc","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ascendex-raises-50-million-in-series-b-led-by-polychain-capital-and-hack-vc\/","title":{"rendered":"AscendEX raises $50 million in Series B led by Polychain Capital and Hack VC"},"content":{"rendered":"<p>Singapore-based cryptocurrency exchange AscendEX has secured $50 million in a Series B round led by Polychain Capital and Hack VC.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">AscendEX is proud to announce the close of our Series B fundraise! \ud83d\ude80\ud83d\ude80 <\/p>\n<p>All-star investors include <a href=\"https:\/\/twitter.com\/polychaincap?ref_src=twsrc%5Etfw\">@polychaincap<\/a>, Hack VC, <a href=\"https:\/\/twitter.com\/jumpcapital?ref_src=twsrc%5Etfw\">@jumpcapital<\/a>, <a href=\"https:\/\/twitter.com\/AlamedaResearch?ref_src=twsrc%5Etfw\">@AlamedaResearch<\/a>, Uncorrelated Ventures, <a href=\"https:\/\/twitter.com\/eternacapital?ref_src=twsrc%5Etfw\">@eternacapital<\/a>, <a href=\"https:\/\/twitter.com\/AcheronTrading?ref_src=twsrc%5Etfw\">@AcheronTrading<\/a>, <a href=\"https:\/\/twitter.com\/ResearchNothing?ref_src=twsrc%5Etfw\">@ResearchNothing<\/a>, and <a href=\"https:\/\/twitter.com\/PalmDriveVC?ref_src=twsrc%5Etfw\">@PalmDriveVC<\/a>.<\/p>\n<p>Read more here \ud83d\udc47 <a href=\"https:\/\/t.co\/KRVQShItH7\">https:\/\/t.co\/KRVQShItH7<\/a><\/p>\n<p>\u2014 AscendEX (@AscendEX_Global) <a href=\"https:\/\/twitter.com\/AscendEX_Global\/status\/1455977145285611528?ref_src=twsrc%5Etfw\">November 3, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The round also included Alameda Research, Jump Capital, Uncorrelated Ventures, Eterna Capital, Acheron Trading, Nothing Research and Palm Drive Capital.<\/p>\n<p>The platform team plans to use the funds to accelerate international expansion and spur further product innovation.<\/p>\n<p>AscendEX was founded in 2018 under the name BitMax. The company rebranded in March of this year.<\/p>\n<p>Earlier in October, the <a href=\"https:\/\/forklog.com\/en\/news\/dubai-based-bitoasis-raises-30-million-in-series-b\">Bitcoin exchange BitOasis<\/a> raised $30 million. The round was led by venture firms Jump Capital and Wamda.<\/p>\n<p>In the same month, the crypto trading platform <a href=\"https:\/\/forklog.com\/en\/news\/indian-crypto-exchange-coinswitch-kuber-raises-260-million-from-a16z-and-coinbase-ventures\">CoinSwitch Kuber<\/a> raised $260 million from Coinbase Ventures and Andreessen Horowitz with participation from Sequoia, Paradigm, Ribbit and Tiger Global.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Singapore-based cryptocurrency exchange AscendEX raised $50 million in a Series B round led by Polychain Capital and Hack VC.<\/p>\n","protected":false},"author":1,"featured_media":52373,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1435,849,1133],"class_list":["post-52372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-alameda-research","tag-polychain-capital","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/52372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=52372"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/52372\/revisions"}],"predecessor-version":[{"id":52374,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/52372\/revisions\/52374"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/52373"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=52372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=52372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=52372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}