The company plans to use the funds to expand its market base, grow its team, and improve its technology to further develop a custom portal for crypto trading strategies.
Singapore, June 6, 2022, ZEXPRWIRE, PlayV – a market leader in crypto trading strategies for crypto investors and traders – announced on Tuesday that it raised Series A funding. The funding came from SoftBank Ventures, K Partners firm and KB Investment, a subsidiary of KB Financial Group, Korea’s leading financial group with the largest domestic customer base.
PlayV combines the intelligence of the most successful traders with handpicked crypto trading strategies to create a personalized portal for traders and investors. With this new funding, the company is expected to expand its offerings and make crypto trading easy and borderless for everyone. Reacting to this, Steve Hong, CEO of PlayV said, “We have built a personalized cryptocurrency asset management platform where traders can find investors who want to take advantage of expert trading strategies to manage their assets and increase their returns. This investment will allow us to take PlayV to the next level and start pushing the boundaries, paving the way for the next generation of social and copycat crypto traders. Given the volatile nature of cryptocurrency, social trading has played an important role. Now is the time to help investors grow their money. PlayV will play a vital role in this regard.
The world of crypto trading is changing. About 70% of global crypto trading is handled by bots or automated tools, leaving new investors with few strategies to compete with. Manual trading is difficult and time consuming in the crypto space in an industry that never sleeps. This means that crypto trading is only accessible to a fraction of traders in the global market, leaving a huge untapped market of new traders and new investors. PlayV believes that the promise of crypto is not just for the few and has developed a platform that allows users to manage their digital assets with the help of successful traders, thereby enabling them to participate in investing crypto even as an inexperienced crypto investor.
Current funding from decorated investors signifies PlayV’s growth over the year. This attests to their commitment to enabling retail investors to not only follow expert traders, but to be part of their trading strategies and earn huge returns. “PlayV provides a user-friendly platform for both experienced and inexperienced investors, which is one of the reasons we’re proud to lead this investment,” SoftBank Ventures said. “We are thrilled to support PlayV as they continue to grow and expand their offerings in the crypto trading markets.”
The KB Investment and Company K Partners teams also believe that investing in PlayV is a perfect fit given the influx of new business models into the digital asset economy. Due to an aggressive push for a simplified crypto investment platform, investing in PlaV will make the business more robust, resilient and help them onboard millions of traders and investors into crypto investing.
The platform is also working on launching PlayV App, a powerful crypto investment platform tailor-made for Android and iOS devices. It will allow users to invest or trade wherever and whenever they want. The interface will be convenient and easy to use for both experienced and new users.
To accelerate this expansion, PlayV also announced that it is actively recruiting experienced traders, influential traders and operational traders with an entrepreneurial and innovative spirit to manage the portfolio of crypto assets and interact with investors in order to improve trading operations and systems.
About the company – PlayV
Manage your digital assets with professional traders. PlayV is a crypto trading strategy marketplace where you can manage your digital assets with the most successful traders. We’re on a mission to make crypto easy and accessible to everyone.
Official discord: https://discord.com/invite/Q3Z5Ys8Jdp
Official Twitter: https://twitter.com/PlayV_Global