Swiss Digital Platform SEBA Bank Completed $118.6 Million Fundraising

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Today’s Cryptocurrency Headline

Swiss digital asset platform SEBA bank closed CHF 110 million ($118.6 million) Series C round co-led by Alameda Research, DeFi Technologies, alternative investment platform Altive, and investment firms Ordway Selections and Summer Capital. The funding will be used to expand new priority markets globally including the Middle East, and increase the number of employees across these new priority markets. In addition, funding will be used to drive institutional business growth through further investment in its product offering and technology. Launched in 2018, SEBA provides crypto trading and custody services to institutional investors. The company was licensed by the Swiss Financial Market Supervisory Authority (FINMA) in 2019. SEBA previously raised a total of $126.5 million. 

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According to DappRadar data, the trading volume of NFT trading platform LooksRare exceeded 275 million US dollars in the past 24 hours, leading the second-ranked OpenSea by nearly 160 million US dollars. BTC has attempted the $44,000 price level, the rebound could reach the 20-day  moving average (MA) ($45,883) which is likely the next key resistance level. If the bulls managed to push the price above the 20-day MA, the price could contest the $47,000 – $49,000 price level.

 

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