Blockchain Exchange Alliance (BXA), the parent company of Bithumb, has secured funding from a large Japanese ST Blockchain Fund.

According to a press release, the South Korean giant has secured a whopping $200 million in a Series A funding round. This money will be used for expanding the international side of Bithumb. Moreover, the exchange promises to add new trading pairs.

The fund which has invested in Bithumb is based in Japan. However, it oversees investments that originate in Europe and the U.S.

“The fund shared our vision of creating a global digital exchange platform that can efficiently transfer value across borders with lower costs, which was the key rationale behind this investment decision,” BXA stated in the press release.