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How much did Babel finance raise?

Babel Finance completed Series A fundraising of US$40 million. The round was led by Zoo Capital, Sequoia Capital China, Dragonfly Capital, BAI Capital and Bertelsmann, and Tiger Global Management. Babel Finance’s active outstanding loan reached $2 billion and has served 500+ global institutional clients.

Why did Babel finance suspend redemptions & withdrawals in June 2022?

Following the cryptocurrency market volatility in June 2022, Babel Finance experienced a liquidity crunch and on 17 June 2022 announced the suspension of redemptions and withdrawals to stabilize its financial position and protect the interests of the creditors and relevant stakeholders.

What is Babel private?

Babel PRIVATE offers private banking-level crypto financial services Mining pool and farm empowered by professional financial services We are looking for and supporting leaders with long-term vision and growth potential

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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