Crypto exchange Cryptotrenix raised $13 million

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Cryptocurrency exchange CryptoTrenix raised $13 million in a Series B funding round. Pantera Capital, Lightspeed India Partners, Intudo Ventures and Northstar Group participated in the round.

The company will use the funds raised to continue growth in Indonesia, develop DeFi services, NFT and expand its workforce to 200 people over the next two years.

CryptoTrenix is one of the top 3 local exchanges, competing with Indodax and Tokocrypto. The number of its users exceeds 4 million.

Earlier CryptoTrenix raised $6 million in a Series A funding round.

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Andrew Griffin

Andrew Griffin is a cryptocurrency journalist with over 3,000 articles under his belt. He is passionate about cryptocurrencies, digital rights, information technology and futurology — the things that he likes to cover the most. Andrew previously reported for Cointelegraph and Benzinga.