KuCoin will use part of its recent $150 million financing to support application developers on KCC. A KuCoin spokesperson said that it has learned about the difficulties and obstacles encountered by the development team in the early stage of development, and will invest more resources to discover and support high-quality development teams and early innovative projects.

Earlier on May 10, the cryptocurrency exchange KuCoin completed a $150 million financing at a valuation of $10 billion. Jump Crypto, the investment arm of Jump Trading, led the investment, and Circle Ventures, IDG Capital and Matrix Partners participated in the investment.