PANews reported on March 7 that according to Fortune magazine, cryptocurrency broker August completed a $10 million Series A financing round, led by Dragonfly Ventures, with participation from SCB Limited, 6th Man Ventures and Foresight Ventures. The valuation in this round of financing was not disclosed. August will use the latest funds raised to develop marketing strategies, recruit more employees and continue to develop new technologies.

According to reports, August is a brokerage firm focusing on cryptocurrencies. It works with large financial institutions such as hedge funds and family offices to help them obtain income and returns on cryptocurrency investments through lending and trading. Most of August's revenue comes from trading spreads, and it charges customers transaction fees on each transaction. The company previously raised $6 million in a seed round of financing in 2023.