it's a bizarre as AB did not say anything about this investment.
31/03/2021, from the webpage
https://www.kikitrade.com/newsroom and I used the Google translate to get the below:
Blockchain startup Kikitrade announced a $8 million Pre-A round of financing, led by Blockchain Venture Capital Fund Dragonfly Capital, Xinyuan Capital, and blockchain game giant Animoca Brands. Kikitrade co-founder Wu Dehao said that this round of financing will be used to actively expand new markets in the Asia-Pacific region, including Taiwan, Southeast Asia, and Australia, and gradually promote the popularization of cryptocurrencies.
Kikitrade is incubated by the Asian blockchain group Everest Ventures Group and is a cryptocurrency social investment platform. Kikitrade started a trial last year, and the number of users has grown rapidly. It is expected that the number of transactions this year will exceed $1 billion. Wu Dehao said that the establishment of Kikitrade is mainly to create a cryptocurrency trading platform that can be easily invested, and to lower the threshold for investing in cryptocurrency, so that the public can easily participate.
Kikitrade sets the minimum investment threshold at one U.S. dollar and cuts in at an affordable price to eliminate the public's stereotype that cryptocurrency investments are expensive. In addition, a "regular fixed-amount plan" will also be launched to allow investors to invest in cryptocurrencies in small amounts; a "financial management model" will also be added to provide investors with more options for entry-level investment portfolio options.
In addition, in order to lower the barriers to use, Kikitrade also added two elements of "community sharing" and "gamification" to the platform to attract millennials who have become the mainstay of emerging investment and make them more willing to be exposed to cryptocurrency investment. Tao Xin Yabiao, the co-founder of Kikitrade, said that the social sharing function and gamification elements have increased the interactivity and fun of the platform. It is one of the main features of Kikitrade that is most different from other platforms, and it is also more attractive to millennial users.
In terms of transaction security, Kikitrade said that it holds a compliant cryptocurrency investment platform license issued by the Australian government, which complies with Australia’s strict regulatory standards. The platform has built-in rigorous identity verification (KYC), anti-money laundering (AML) reviews and assets. The management rules aim to create a safe and reliable investment environment.
-end
interesting part Kikitrade is based in HK and it has license issued by the Australian government.
The transactions this year may exceed 1B.
