September 10, 2024
HTX Ventures, the investment branch of the cryptocurrency exchange HTX, has made a strategic investment in BSX Exchange. BSX is a decentralized, non-custodial exchange with a central limit order book (CLOB) built on the Base platform. Since its launch in April, BSX has handled over $4.5 billion in trading volume and recently exceeded $1.3 million in revenue. The platform offers both spot and derivative trading. With a recent $4 million seed funding, BSX plans to expand its product offerings. The platform features a high-performance trading engine with 10ms latency and 1000x leverage.
Project | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|
BSX Exchange | September 11, 2024 | Strategic Investment | HTX Ventures | DeFi |
Soon, BSX intends to introduce new projects, including a spot aggregator, earning products, and staking products. The company also plans to launch a Layer 3 network on Base to enhance the on-chain BSX order book. Additionally, BSX aims to release a trading game on Telegram and an exclusive NFT collection to attract new users.
Edward, Managing Partner at HTX Ventures, highlighted BSX’s strong liquidity foundation within the Base ecosystem, which has 110 million globally verified users. He expressed excitement about supporting BSX’s journey in the Web3 space.
The BSX team emphasized their goal of building a key component in the DeFi ecosystem. By launching on Coinbase’s Base L2, they aim to benefit from Coinbase’s large user base moving on-chain to Base and DeFi applications. Their vision includes creating a consolidated platform with BSX Trade, BSX Earn, and BSX 1000.
About BSX Echange
BSX Exchange is a decentralized platform for trading cryptocurrency derivatives, like options and perpetual futures. Built on Ethereum’s Layer 2 network, it offers low transaction fees, real-time portfolio management, and a seamless trading experience with features like 1-click trading. The platform is designed to be fast and user-friendly, catering to both individual and institutional traders.
Website: https://www.bsx.exchange/
About Investor
Investor: HTX Ventures
HTX Ventures is the global investment arm of the cryptocurrency exchange HTX. They focus on investing in innovative blockchain projects and startups. HTX Ventures provides financial support, resources, and strategic advice to help these projects grow and succeed.
They work with a wide range of blockchain technologies, including decentralized finance (DeFi), Web3, and NFTs. HTX Ventures also offers incubation and research services to identify and nurture the best new ideas in the blockchain space.
Location: Hanoi
Website: https://www.htx.com/ventures
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