Odaily Planet Daily News: Japanese crypto exchange operator BACKSEAT announced that it has completed its seed round of financing, led by Spiral Capital and Headline Asia, and participated by East Ventures. The company has raised a total of approximately 1.4 billion yen (approximately 9.69 million US dollars) in one year since its establishment. It is reported that the funds raised will be used for product development, talent recruitment and strengthening of organizational structure. BACKSEAT acquired all shares of the Japanese crypto exchange "coinbook" in February 2025 and established a wholly-owned subsidiary "BACKSEAT Exchange (BSE)". (CoinDesk)