Three technological heavyweights have joined forces to bring another cryptocurrency platform into the mainstream. In terms of mergers and acquisitions news affecting investors in Canada, Neo Global Capital, IDG Capital and Matrix Partners have partnered up with KuCoin, to bring cryptocurrency trading into the mainstream through the KuCoin exchange. The three companies have invested a combined total of $20 million in KuCoin so far.
Cryptocurrencies are continuing to gain worldwide momentum, and the World Economic Forum believes that 10 per cent of the world's GDP will be stored in this fashion by 2027. The three companies each bring their owns strengths to this new venture. The trilateral investment is expected to create more secure, widespread global access to this type of technology.
One of the main goals of the partnership is to make blockchain technology accessible to everyone since many analysts believe it is the way of the future. It is hoped that this partnership is the first step to helping KuKoin evolve into one of the world's top exchanges. Target markets will be well explored in the hopes of successful global expansion.
The world of business can be as exciting as it can be challenging. These kinds of mergers and acquisitions can change the landscape of the way in which business is conducted. Because such deals can be complex, they can cause confusion when it comes to legalities. A lawyer in Canada experienced in such deals may be able to offer prudent advice that may help clients make positive deals that benefit their business portfolios.