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Crypto exchange platform Mara raises $23 million

Mara, [https://mara.xyz/] a crypto exchange platform based in Nigeria and Kenya has raised $23 million to build a pan-African cryptocurrency exchange platform. * Mara is building a decentralized alternative for transactions in Africa through its digital financial system. * The startup operates with a product suite including Mara wallet, an

Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
Crypto exchange platform Mara raises $23 million
Photo by Jeremy Bezanger / Unsplash

Mara, a crypto exchange platform based in Nigeria and Kenya has raised $23 million to build a pan-African cryptocurrency exchange platform.

  • Mara is building a decentralized alternative for transactions in Africa through its digital financial system.
  • The startup operates with a product suite including Mara wallet, an app that offers crypto-related buying and selling, Pro-Exchange, a platform for trading options and technical analysis and Mara Chain, a token-enabled blockchain that allows developers to build African-focused crypto apps.
  • The startup has secured a partnership with the Central African Republic, the only African country that accepts crypto as a legal tender and will advise the president on planning and strategy for cryptocurrencies.  
  • The funding came from Coinbase Ventures, Alameda Research (FTX), Distributed Global, TQ Ventures, DIGITAL, Nexo, Huobi Ventures, Day One Ventures, and Infinite Capital among others.
Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi

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