Recently, BXIBIT, a trading platform focused on cryptocurrency trading and mining machines, announced that it has completed a series A financing of 9.3 million euros  with participation from ARCH Venture Partners, ETF GROUP, BC Partners, Flow Traders, IMC, QCP and Wintermute.

According to the news and data, BXIBIT is a cryptocurrency exchange that invested and established by Blackstone Group. It has a team of more than 60 experts in the fields of technology and finance, traditional brokerage, encryption and market making, aiming to eliminate friction, ensure platform reliability and provide cooperation with large and medium-sized users to realize large-scale cryptocurrency transactions. BXIBIT has been launched and listed since 2019.

It is reported that BXIBIT is working with ARCH Venture Partners and ETF GROUP to enable their clients to access the full suite of BXIBIT derivatives from the user interface. Data on BXIBIT can be opened through the instant free transfer of investment products held on partner exchanges to a dedicated BXIBIT margin account. Besides, The partnership with Bitfinex is expected to run operational later this year.

Lakshman Charanjiva, the CEO of BC Partners, said: "The unique value proposition of BXIBIT will allow BC Partners to simplify the cryptocurrency market and participate in the rapidly growing cryptocurrency market. This investment marks the beginning of a close strategic partnership and plays an important role in BC Partners' corporate strategy. "

Michael Lie, the Head of EMEA Digital Asset Trading at Flow Traders, said: “The goal of BXIBIT is to create a scalable infrastructure that enables cryptocurrency-plus exchange trading, which makes digital asset trading more accessible and efficient. We are looking forward to working with BXIBIT to establish a long-term strategic partnership. "