Galactic Holdings' subsidiary, TruBit, an established player in Latin America's cryptocurrency market, successfully concluded its Series A funding round, securing USD $6.25M . This follows a USD $10M pre-Series A investment earlier in the year, marking a key phase in the company's expansion.
Led by Galaxy Interactive and DragonFly, the funding round underscores confidence in Galactic Holdings' provision of crypto services and solutions in LATAM. Maggie Wu, CEO and Co-Founder of TruBit, expressed gratitude for the investor support and reaffirmed her aim to extend TruBit's reach across Latin American nations.
The round included SHK's participation, enhancing TruBit's influence in the crypto market and facilitating its growth in Latin America.
Since 2020, Galactic Holdings has been working with Latin American regulatory bodies to ensure regulatory compliance and focus on user security. This has led to partnerships with Mexico's financial authorities for electronic transfers, Brazil's PIX payment system, and Argentina's Unique Virtual Code (CVU) for transactions. As a result, TruBit stands as a key cryptocurrency trading platform in LATAM, with a significant daily trading volume.
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