HomeNewsB Capital-Backed Crypto Exchange Zipmex Partners With Australian Football And Rugby Teams

B Capital-Backed Crypto Exchange Zipmex Partners With Australian Football And Rugby Teams


Reading Time: 2 minutes

Zipmex, a Southeast Asian crypto trading platform, has joined forces with teams from Australia’s A-League Males soccer league and Nationwide Rugby League to offer a glean to its foothold in the country, following $52 million in total funding over the years from traders including Singapore billionaire Eduardo Saverin’s B Capital Neighborhood.

Zipmex launched on Monday that it would possibly maybe presumably well team up with the Nationwide Rugby League’s Penrith Panthers, the defending national champions, to boot to the A-League Males’ Central Hover Mariners, the two-time national champions.

As a portion of the partnerships, Zipmex said it will host educational workshops on video games to offer a glean to crypto literacy on an extraordinary basis. The Singapore-based mostly firm will additionally offer fans giveaways of digital coins and non-fungible tokens (NFTs) featuring gamers from the Nationwide Rugby League

“It is Zipmex’s main operate in 2022 to fabricate better our snide-dimensional presence–proper world and metaverse–in the Asia Pacific and explore various ways to desire with contemporary and doable customers,” said co-founder and CEO Marcus Lim.

READ MORE:   Indians to face additional 28% tax on crypto

Final August, Zipmex raised $41 million from the likes of the endeavor capital arm of Thailand’s Monetary institution of Ayudhya, to boot to Bangkok-listed Opinion B Media and Master Advert. That used to be adopted by a further $11 million investment in March by B Capital, the investment firm led by Fb co-founder Eduardo Saverin, Bain Capital outmoded Rajarshi Ganguly and legendary investor Howard Morgan. Zipmex said the fundraising valued the firm at “mid-hundred million.”

Established in 2018, Zipmex affords crypto trading and investment products and services in Thailand, Indonesia, Singapore, and Australia. The firm said it has attracted more than 2 million customers. It processed roughly $21.7 million of situation trades as of April 25, in step with tracker CoinMarketCap.

Final 12 months, Zipmex said it had solid a partnership with Visa to open a rate card. The firm has additionally not too long up to now jumped on the metaverse bandwagon by collaborating with Thai multi-millionaire Paiboon Damrongchaitham’s GMM Grammy leisure conglomerate to open a virtual stay efficiency on Decentraland, a blockchain-based mostly sport that enables gamers to create a virtual world.

READ MORE:   How NFTs went from a joke to a legitimate asset class

Disclaimer: This article is for informational capabilities only. It is no longer an immediate offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any merchandise, services, or companies. We no longer provide funding, tax, neatly suited, or accounting advice. Neither the corporate nor the author is guilty, straight or no longer straight, for any injury or loss precipitated or speculated to be precipitated by or in connection with the usage of or reliance on any insist, items, or services mentioned in this text.

Most Popular