Deep Tide TechFlow news, on January 8, according to (Fortune), the crypto data platform CoinMarket announced the completion of a $15 million financing round, led by Hongshan, SmallSpark, Mirana Ventures, and Safepal, with a valuation of $200 million. After this round of financing, the company's total financing amount is nearly $20 million.
CoinMarket was founded in 2023 by Jessie Lo, May Wang, and Jivvva Kwan. The platform provides data services such as real-time cryptocurrency prices, AI news aggregation, and ETF fund flows. The company plans to use the new funding to launch the CoinMarket Indices Protocol, which will automatically purchase digital assets through smart contracts and package them into tokens.