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Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Altcoin1998$ on June 15, 2021, 05:42:34 PM

Title: DeFi exchange dYdX closes $65 million raise led by Paradigm
Post by: Altcoin1998$ on June 15, 2021, 05:42:34 PM

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.”
Earlier backers of the protocol include a16z, Bain Capital Ventures and Coinbase CEO Brian Armstrong.source (https://cryptonews.net/811583/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)

Title: Re: DeFi exchange dYdX closes $65 million raise led by Paradigm
Post by: Terrasin on June 26, 2021, 06:39:17 AM

the copyright to the album, along with an NFT, on a platform called SuperFarm. The Dash sale was halted, but the label claims its co-founder is still “frantically scouting for another venue to make the sale.