Crypto Trading Platform Newton Receives $20 Million in Funding
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Partners from DV Chain led the Series B financing. CI Financial, a prominent global wealth and asset management firm, also participated in the round. Moreover, investors like Singh Capital Partners, Anthony Pompliano, Tiny Capital, and Snowdevil Capital joined the investment round.
Newton Crypto became the latest digital asset
exchange
Exchange
An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading.
An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading.
Read this Term to raise significant funding. In the past 12 months, cryptocurrency exchanges witnessed a sharp rise in their valuations after VC interest in the crypto ecosystem reached a record high level.
The latest example is FTX US, the American arm of the crypto exchange FTX secured $400 million worth of funding in January 2022 and topped the valuation of $8 billion. With recent funding and a substantial rise in its valuation, Newton Crypto has also joined the list of rapidly growing digital exchanges in Canada.
“Through this financing, we are thrilled that we were not only able to grow our relationships with existing partners and attract new top-tier investors but also welcome CI Financial as a strategic investor,” said Dustin Walper, Newton’s Co-Founder and CEO.
Crypto Boom in Canada
Similar to other locations around the world, the interest in digital currencies across Canada has accelerated since the start of 2021. “Crypto is becoming a mainstay in the traditional financial system, and we are working hard to position ourselves as the future of fintech. Our goal is to be relentless when it comes to offering low-cost access to a wide selection of crypto assets. We know that retail investors and newcomers have found the investment process intimidating with a high bar to entry, but at Newton, we have simplified that process and brought access to all those looking to participate in the crypto boom,” Walper added.
Partners from DV Chain led the Series B financing. CI Financial, a prominent global wealth and asset management firm, also participated in the round. Moreover, investors like Singh Capital Partners, Anthony Pompliano, Tiny Capital, and Snowdevil Capital joined the investment round.
Newton Crypto became the latest digital asset
exchange
Exchange
An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading.
An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading.
Read this Term to raise significant funding. In the past 12 months, cryptocurrency exchanges witnessed a sharp rise in their valuations after VC interest in the crypto ecosystem reached a record high level.
The latest example is FTX US, the American arm of the crypto exchange FTX secured $400 million worth of funding in January 2022 and topped the valuation of $8 billion. With recent funding and a substantial rise in its valuation, Newton Crypto has also joined the list of rapidly growing digital exchanges in Canada.
“Through this financing, we are thrilled that we were not only able to grow our relationships with existing partners and attract new top-tier investors but also welcome CI Financial as a strategic investor,” said Dustin Walper, Newton’s Co-Founder and CEO.
Crypto Boom in Canada
Similar to other locations around the world, the interest in digital currencies across Canada has accelerated since the start of 2021. “Crypto is becoming a mainstay in the traditional financial system, and we are working hard to position ourselves as the future of fintech. Our goal is to be relentless when it comes to offering low-cost access to a wide selection of crypto assets. We know that retail investors and newcomers have found the investment process intimidating with a high bar to entry, but at Newton, we have simplified that process and brought access to all those looking to participate in the crypto boom,” Walper added.
Cryptocurrency
