Crypto Exchange dYdX Raises $10M Series B Round
Main page News, Blockchain, Exchange, Cryptocurrency Exchanges

Decentralized cryptocurrency exchange dydx has announced it raised $10 million in a Series B investing round. The investment round was led by Three Arrows Capital and DeFiance Capital.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

According to an announcement, the following investors participated in the investing round: Hashed, Wintermute, GSR, SCP, Scalar Capital, RockTree Capital and Spartan Group.

"Perpetuals trading is an exciting use case for blockchain technology and we are thrilled to be building a core component of the decentralized financial ecosystem," the exchange said.

The exchange plans to use the raised capital to decentralize parts of its stack and "hand over more control" to its users. Dydx will also list new assets and features to perpetuals contracts. As iHodl earlier reported, Mercado Bitcoin, a Brazilian cryptocurrency exchange, attracted $37.4 million to expand its presence in the Latin American market.

DEX Aggregator 1inch Closes $12M Investing Round led by Pantera Capital

The investment round was led by GP Investimentos and Parallax Ventures. Other participants included Fundo Evora, Ze Bonchristiano, HS Investimentos FIP, Banco Plural and Gear Ventures.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Please describe the error