Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Decentralized Exchanges (DEX) => Topic started by: Coin63@ on October 13, 2021, 06:46:35 AM
-
Futureswap, a decentralized exchange for trading perpetual swaps, has raised $12 million in a new funding round.
Ribbit Capital, Framework Ventures, True Ventures, and Placeholder co-led the round, each investing $2 million, Futureswap co-founder Derek Alia told The Block. The rest of the amount was funded by other backers.
This is Ribbit Capital's first investment in a decentralized exchange, according to Futureswap.
The funding round was secured via a token sale and it is Futureswap's Series A funding, said Alia. The project has previously raised $1.6 million in two rounds, bringing its total funding to date to $13.6 million.
With fresh capital at hand, the exchange plans to expand its current team of eight and grow its platform, said Alia.Read (https://cryptonews.net/2191725/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)