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Hong Kong cryptocurrency group Babel hits $2bn valuation

Unicorn raises $80m in latest funding despite global crypto rout

Del Wang, co-founder and CEO of Babel Finance. The head of the cryptocurrency group says digital units have yet to win broader market confidence.   © Babel Finance

HONG KONG -- Hong Kong-based crypto financial services startup Babel Finance said Wednesday it has raised $80 million in its latest funding round, valuing the company at about $2 billion, despite a meltdown in digital currency markets.

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