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Pandapay Inc., a Shanghai cryptocurrency trading platform founded in 2016, filed for bankruptcy in July 2021.
Founded in 2016 in Shanghai, China, Pandapay Inc. operated a cryptocurrency trading platform, Panda, offering deposits, withdrawals and trading across pairs such as BTC and USDT, with fees charged on trades. The company completed 3 deals, and its latest round was CNY 8.00 mn from Dodoca on July 7, 2021. Ling Xu and Nicholas Courchesne are founders. The company filed for bankruptcy in July 2021.
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