Digital currency exchange itBit, headquartered in Singapore, has raised $3.25 million, in a fundraising round co-led by Canaan Partners and RRE Ventures. Additional investors include Liberty City Ventures and angel investors including Jay W. Jordan II and Ben Davenport.

ItBit says it plans to use the funding to support its global operations, expand offerings and pursue further regulatory approvals. Including this round of funding, itBit has raised a total of $5.5 million in institutional capital.

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