Blockchain Capital leads $33 million Series C in African stablecoin exchange Yellow Card

Bitget App

Trade smarter

Bitget

News

The Block2024/10/16 16:00

By:The Block

Quick Take Blockchain Capital has led a $33 million Series C funding round in African stablecoin exchange Yellow Card. Other participants included Polychain Capital, Third Prime Ventures, Castle Island Ventures, Block, Inc., Galaxy Ventures, Blockchain Coinvestors, Hutt Capital, and Winklevoss Capital.

Blockchain Capital leads $33 million Series C in African stablecoin exchange Yellow Card image 0

Crypto VC Blockchain Capital has led a $33 million Series C funding round in the African stablecoin exchange Yellow Card.

Nigeria-based Yellow Card, a Coinbase portfolio company, has now raised a total of $85 million in "completed equity financings," according to a statement. At the beginning of this year, Coinbase partnered with Yellow Card to expand access to its products in 20 countries across the African continent.

"This newly secured capital will be applied to fund growth and expansion, particularly through enhancing Yellow Card’s API and widget products, the gateways for international businesses (including Coinbase and Block) to tap into African markets," Yellow Card said in its statement.

Other participants in the Series C included Polychain Capital, Third Prime Ventures, Castle Island Ventures, Block, Inc., Galaxy Ventures, Blockchain Coinvestors, Hutt Capital, and Winklevoss Capital.

"This fundraise not only demonstrates our resilience, but also highlights the vital role of digital assets for businesses across Africa,” Yellow Card co-founder and CEO Chris Maurice said in the statement.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14