Derivatives exchange dTrade raises $22.8M for market makers
The Polkadot-centric exchange allows users to trade perpetual swaps and options with on-chain settlement. Decentralized exchange dTrade has raised $22.8 million for a market-making fund designed to provide the ecosystem with higher liquidity, potentially setting the stage for wider DeFi adoption on Polkadot once the DEX launches later this year. The funds will enable dTrade to launch with “deep liquidity” backed by some of crypto’s largest market makers, the company announced Tuesday. Specifically, the capital will be used to facilitate on-chain loans to market makers that provide order....
Related News
DTrade is planning to build the first derivatives exchange on Polkadot following a highly successful private investment round. Decentralized exchange dTrade is bringing derivatives trading to the Polkadot ecosystem after concluding a $6.4-million seed investment round, setting the stage for wider decentralized finance use cases on the developer network. The private investment round was led by some of the biggest names in the blockchain venture capital world, including Three Arrows Capital and DeFiance. Polychain Capital, ParaFi Capital, Huobi, Mechanism Capital, Bixin Ventures, IOSG....
The automated market maker is currently in beta development and set to launch in Q3 2021. Automated market maker MonoX has today announced a debut capital raise of $5 million from venture firms including the likes of Axia8 Ventures, Animoca Brands, Divergence Ventures, among others.MonoX will use the funds to support its ambitions in reducing the capital and liquidity prerequisites for decentralized finance (DeFi) projects offering swap, lending, borrowing and derivative capabilities on decentralized exchanges (DEXes).The protocol will achieve this through the introduction of a....
Up-and-coming derivatives exchange GlobeDEX – or Globe as it’s simply known – has closed a private round worth $18 million. A host of blockchain VCs lined up to back the exchange on its mission to create an advanced trading platform that can cut it with the best of them. Its team, who can’t be accused […]
Exciting beginning of the week for one of the crypto industry’s richest, CEO Sam Bankman-Fried. His derivatives exchange FTX announced $900 million in a Series B fundraising effort. That raises its profile even more. And its value, which is now a whopping $18B, and was $1.2B a year ago. And what a year it’s been. […]
What is ACXT Liquidity Farming? ACDX, the world’s first advanced crypto derivatives exchange offering innovative structured products, has announced a groundbreaking incentive program for market makers. The ACXT Liquidity Farming program is designed to benefit market makers by offering them the platform’s native ACXT tokens as rewards for every filled maker order. The launch of […]