Babel Finance is rated with $ 2 billion after the last remedial procurement

Babel Finance is rated with $ 2 billion after the last remedial procurement

The crypto finance service provider Babel Finance has raised $ 80 million with $ 2 billion, since the company strives to further promote institutional acceptance in this area.

The main customers of the company are crypto-native companies, banks, investment funds, very wealthy accredited investors and family offices. Founded 2018, Babel finance The main business of is crypto -lending and trading and focuses on Bitcoin, ether and stable coins.

The CEO of Babel Finance, del Wang, said in a statement that the company endeavors to participate in the "building of the basic financial regulations and the rules for the industry" because the industry is more institutionalized.

"From the perspective of short -term profits, the retail market and old coins may have higher profit margins, but we pay more attention to the long -term development of the industry and strive to be leading in institutional financial services and innovations," added Wang.

The main investors in this round include Jeneration Capital and 10t Holdings as well as the existing shareholders Dragonfly Capital and Bai Capital.

"Babel Finance has a market with high entry barriers and great value in the up -and -coming area of services for institutional investors in crypto," said Dan Tapiero, CEO of 10T. "Babel Finance has built up a praising call as a highly specialized and trustworthy crypto financial institution and claims its leading position on the market for institutional customers."

The company collected $ 40 million in its series A round in May 2021. Since then, the team has grown from 50 to 170 employees. It currently has around 500 customers.

Babel Finance had an outstanding loan balance of more than $ 3 billion and an average monthly trading volume of $ 800 million in derivatives. At this point, the company had structured and acted option products worth more than $ 20 billion.

It has a new office in Singapore and requested licenses in a number of countries and regions, including Hong Kong, Luxembourg and the United Kingdom.

A spokesman for Babel Finance did not immediately answer a request to comment on the use of the means or its specific growth plans.

The company is the latest crypto company that receives a 10-digit rating. AVA Labs and Boba Network were rated $ 5.25 billion or $ 1.5 billion after their last increases last month.

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The contribution "Babel Finance Valued at $ 2b after latest fundraise" is not a financial advice.