Ghana’s Local Crypto Exchange Hyro Plans Further Financing to Attract Overseas Capital

CoinFeed June 23 news, according to Bloomberg, Ghana's local cryptocurrency exchange Hyro Exchange, after completing a new round of seed financing, is considering issuing about 10% equity to accelerate expansion in Ghana and key African markets. A Ghanaian local investment institution has recently acquired about 10% of the company's equity, pushing its valuation to millions of dollars. Hyro plans to sell an equal proportion of shares to overseas investors as part of its compliant expansion capital strategy. The platform has been selected for Ghana's virtual asset trading pilot project, betting on Africa's demand for faster, lower-cost cross-border payments, which will continue to drive the growth of cryptocurrency usage.