Share this article
Liquid.com Closes Funding Round Valuing Crypto Firm at 'Over $1 Billion'
Crypto trading platform Liquid.com has been backed by Bitmain and IDG Capital in a funding round it says makes it the latest crypto unicorn.
Updated Sep 13, 2021, 9:02 a.m. Published Apr 3, 2019, 9:45 a.m.
Crypto trading platform Liquid.com has been backed by Bitmain and IDG Capital in a funding round that, it says, makes it the latest crypto unicorn.
The firm, which is owned by Japanese cryptocurrency exchange Quoine, announced Wednesday that, with the closing of the Series C round, its "over $1 billion" valuation makes it “one of only two tech unicorns in Japan's startup space.”
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Liquid.com, however, did not disclose the amount invested by IDG Capital and Bitmain, the former of which led the round.
The funds will be put toward global expansion and product development, as well as to support a move into the security token market, it said.
“Our vision is to make financial services accessible to all, which means bringing more people into the digital asset space so that anyone can be a part of it,” according to Liquid.com CEO Mike Kayamori.
Quoine launched the Liquid.com platform back in September to provide users with access to a “worldwide network of cryptocurrency exchanges.”
Liquid said it has previously raised more than $20 million from venture capital firms, including JAFCO, SBI, B Dash Ventures and ULS Group. While in 2017, it said it raised more than $100 million in a “pre-discounted” and “regulated” initial coin offering (ICO).
Bitmain co-founder Jihan Wu said:
"Japan is one of the leading nations in putting crypto industry under proper regulations, and Liquid Group has proven itself to be the exemplary player within such compliant rules."
IDG Capital is notably an investor in Coinbase, Circle and Ripple, as well as other crypto startups including KuCoin and imToken. Bitmain has also invested in Circle, while other portfolio firms include derivatives and digital asset trading platform ErisX and EOS developer Block.One.
Unicorn image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
What to know:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
Top Stories
