China’s biggest bitcoin mining company has led a $110m investment in Circle Internet Financial, which values the fast-growing US mobile payments and cryptocurrency trading company at close to $3bn.
The funding round, led by China’s Bitmain, propels Circle into the top tier of cryptocurrency companies by funds raised and brings together two of the nascent sector’s leading companies from the world’s two largest economies.
Circle uses the blockchain technology that underpins bitcoin to provide peer-to-peer payment services, but also offers over-the-counter cryptocurrency trading.
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