Digital asset trading platform OKEx has announced that it has completed a new round of funding led by Giant Network Group and Qianhe Capital Management.

The latest funding round also drew support from eLong Inc., Longling Capital, and existing investor Ceyuan Ventures.

“OKEx believes the innovation will revolutionize human lives. As the world's digital asset market has entered a new phase of development, OKEx will allocate the newly raised capital strategically and responsibly, and continue to serve customers to the best of their ability by putting more resources on product and service innovation,” OKEx said in a statement.

Based in Belize, and with its main operation hub located in Hong Kong, OKEx specializes in blockchain technology & digital asset development and applications. Its flagship platform OKEx.com, focusing on digital asset-only exchange, also provides fiat-to-cryptocurrency, cryptocurrency-to-cryptocurrency and derivatives trading services to global customers. While OKCoin.com focuses on facilitating fiat-to-cryptocurrency trading, including but not limited to USD, JPY, KRW and EUR.

In its official release, OKEx said that its platform will undergo a major system upgrade and will provide significant enhancements to customer experience in the next three months. It added that substantial progress has already been made in its applications of digital asset trading licenses across the globe.