CryptoCurrency exchange Bitfinex raised $10 million in a Series B round led by Chinese technology giant Tencent.
The new round, led by China’s largest equity fund, includes funds from BTCC, China Securities Finance Corporation, and the China-based investment firm Caijing.
The fund will invest up to $3 billion in the company.
Bitfinexd also raised $1 million in another Series B from Caijiang.
It will invest $1 billion.
The latest funding round was led by Caijis investment fund.
Bitfintech also raised a $1.5 million Series A in March.
It also raised another $100,000 in March with an additional $100 million in Series B funds.
“We’re very happy to be joining the team at Bitfinexs,” Bitfinexe CEO and co-founder of the firm said.
“This is an exciting time for the platform and we look forward to furthering our partnership with Caiji.”
The Bitfinexes investment fund is one of the largest in China.
It is backed by the Chinese government and is based in Beijing.
The Bitfinity fund was created in 2015 and was initially backed by Chinese investors.
It was also a focus for Chinese tech giants Tencent, Alibaba, Tencent’s Tencent Holdings and Alibaba Group.
BitFintech has more than 60 employees in the US.