Cryptocurrency News

Backed by Coinbase and Alameda, African exchange MARA eyes continental prospects

05/11/2022

Less than a minute

2022.05.11 17:51

Backed by Coinbase and Alameda, African exchange MARA eyes continental prospects

East Africa is set to welcome a new cryptocurrency exchange backed by a formidable list of industry heavyweights looking to tap into a continent full of potential users.

Coinbase (NASDAQ:COIN) Ventures, Alameda Research, Huobi Ventures and other prominent venture capital firms and angel investors have contributed $23 million to launch MARA. The exchange will initially operate in Kenya and Nigeria, offering new users a basic exchange platform to acquire, trade and withdraw cryptocurrencies.

05/11/2022

Less than a minute

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