Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: RSRS on October 12, 2021, 05:05:34 AM
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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.
More Information (https://cryptonews.net/en/news/market/2191725/)