Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: Btceth01 on June 16, 2021, 07:26:52 PM
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A number of crypto liquidity providers have also invested in dYdX, which hopes to become one of the world’s largest crypto exchanges over the next three to five years.
The derivatives exchange announced a $10 million Series B round just four months ago.
dYdX, the decentralized derivatives exchange, has secured $65 million in a Series C raise led by Paradigm.The San Francisco-based protocol development firm, which is focused on decentralized perpetual swaps, announced a $10 million Series B fundraise as recently as January of this year. Three Arrows Capital and DeFiance Capital led that round, with Wintermute, Hashed, GSR, SCP, Scalar Capital, Spartan Group, and RockTree Capital all participating.
It is a raise that’s coming pretty soon after the previous one. The reason for this is we just see a huge opportunity in crypto derivatives and especially the way that decentralized derivatives can play into the market,” Antonio Juliano, founder of dYdX, told The Block. “Really our goal for dYdX is to make it one of the biggest crypto exchanges period, but on a three to five-year time horizon.Source (https://cryptonews.net/811583/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)