Canadian crypto trading platform Shakepay has completed a $35 million Series A round at a valuation of $251 million, led by QED Investors, with participation from Golden Ventures, Broadhaven, entrepreneurs Henri Machalani and Mike Murchison, and Shopify’s head of digital products. As part of the financing agreement, QED Investors partner Matt Burton will join Shakepay's board of directors.

The new financing will allow the company's growth, focus on bringing more products to market, such as the recently launched Shakepay Visa prepaid card, and expand the team. According to reports, the company's total transaction volume exceeded 6 billion US dollars last year, with more than 900,000 customers.