Galactic Holdings, the parent company of crypto startup Trubit, raised $6.25M in a Series A round led by Galaxy Interactive and DragonFly with the participation of SHK.
The funds will be used to expand the startup’s presence to amplify crypto offerings in Latin America, especially with OTC services and solutions designed for corporations and retail, focusing on local payments and international transfers.
“We thank the support of our investors, and we are committed to further expanding our presence in more Latin American countries to make cryptocurrency services accessible to everyone in their daily necessities, more simply and conveniently,” said Maggie Wu, Co-Founder and CEO of TruBit.
TruBit is a crypto exchange that also offers related services, such as currency conversion, crypto cards, and payments in crypto with no fees.
The exchange has a daily trading volume of more than $150M.
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