<p>BitMEX operator 100x Group's investment arm 100x Ventures has invested $1.5 million in Vietnamese fiat-to-crypto trading platform VCC Exchange (VCCE).</p> <p>VCCE <a href="https://support.vcc.exchange/hc/en-us/articles/900002183583-VCC-Exchange-secures-US-1-5m-strategic-investment-from-100x-Ventures">said</a> the investment would help it for product development and marketing activities. The exchange is set to soon launch a peer-to-peer (P2P) trading platform, and a futures trading platform "in the near future."</p> <p>With the P2P platform launch, VCCE expects its average daily trading volumes to grow by 500% in the next two years. The exchange launched its crypto trading platform, supporting Vietnamese dong (the country's fiat currency), in December 2019.</p> <p>Arthur Hayes, co-founder and CEO of BitMEX and 100x Group, said Vietnamese crypto market is poised for growth in the long run and VCCE is an "important player" in the market.</p> <p>VCCE has previously raised an undisclosed amount of seed funding, led by Signum Capital, with participation from Axiom Associates and other investors.</p>