SynFutures raises $14M for derivatives DEX supporting ‘anything with a price ...
Polychain Capital led the derivative DEX’s $14 million Series A round. Forthcoming decentralized derivatives exchange SynFutures has closed an oversubscribed $14 million Series A funding round led by Polychain Capital.The automated market maker’s funding round also saw participation from other heavyweight crypto investors including Pantera Capital, Framework, and Wintermute. Including the DEX’s January 2021 seed round, SynFutures has nowraised $15.4 million in total.According to an announcement, the exchange plans to offer a one-stop-shop for derivatives, allowing anybody to launch....
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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. […]
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 […]
Bitcoin derivatives startup Hedgy has raised $1.2m in new seed funding from a group of 10 investors that includes Draper Fisher Jurvetson partner Tim Draper, Salesforce CEO Marc Benioff and Sand Hill Ventures. In conjunction with the announcement, Hedgy has also launched a new derivatives product aimed at commercial bitcoin miners. Miners that use the derivative can effectively lock in a future price at which they can sell bitcoins, using a smart contract to settle the transaction on the bitcoin blockchain. Drawing price metrics from TradeBlock, the new product is the result of a....
The disclosure comes shortly after U.S regulators' crackdown on retail competitor BitMEX.