1inch Network concludes $175M Series B led by Amber Group
The funding round had backing from some of crypto’s biggest venture funds, which continue to bet big on the future of DeFi. Decentralized exchange aggregator 1inch Network has concluded a sizable Series B investment round, raising $175 million as part of a broader effort to expand protocol utility and increase access to liquidity within the decentralized finance, or DeFi, market. The investment round vastly exceeded the initial target of $70 million amid active participation from leading venture funds, 1inch Network disclosed Wednesday. Crypto-finance unicorn Amber Group led the funding....
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The decentralized exchange aggregator said it hopes to offer users more options for low-costs, high-speed transactions. The 1inch Network announced on Wednesday its plans to deploy the 1inch Aggregation Protocol on Avalanche and the 1inch Limit Order Protocol on Gnosis Chain, formerly known as the xDai Chain. In a statement shared with Cointelegraph, the 1inch Network expressed its aim to further expand its capabilities within the decentralized finance, or DeFi, industry. 1/ In life, we often have to choose between two options both of which may seem important to us. But what if we could go....
1inch Network, the decentralized exchange (dex) aggregation project, has announced the company has raised $175 million in a Series B financing round. According to the announcement, the fresh new capital will be leveraged to scale the team, foster additional 1inch token utilities, and build new protocols. 1inch Raises $175 Million From Strategic Investors Over the last year, decentralized finance (defi) has propelled itself into the spotlight as a great number of dex platforms now provide users with the ability to trade and provide liquidity in a decentralized fashion. 1inch Network....
On September 3, the decentralized exchange (dex) aggregation platform 1inch announced the project has partnered with the animated series “Take My Muffin.” The multimedia animated series aims to be co-created by the crypto community and created by a professional animation studio. 1inch Network Sponsors ‘Take My Muffin’ Animated NFT Series A new animated non-fungible token (NFT) series called “Take My Muffin“ has announced a general partnership with the dex aggregator 1inch. Anton Bukov, the 1inch Network co-founder, says that the two teams are....
Amber Group, a Hong Kong-based cryptocurrency trading company, has attained “unicorn” status. The company managed to raise $100 million in its Series B funding round. With the new influx, the company is now valued at one billion dollars, making it a unicorn. Amber Group’s strategy is said to make them market neutral, allowing customers to garner gains in bullish or bearish markets. Amber Group Reaches Unicorn Status Amber Group, an algorithmic trading company, reached unicorn status in its latest funding round. The company, formed by former Morgan Stanley traders almost....
A leading multinational firm working in digital assets services and framework, Amber Group, joined hands with Chainlink, a well-known name in the decentralized oracle network. The goal is to provide sound and safe asset transaction pricing facilities, particularly to the growing target market of institutional clients in Asia, Europe, and North America. Amber Group will […]