April 16, 2024
Crypto Valley Exchange (CVEX), a decentralized protocol focused on transforming DeFi crypto futures and options trading, has completed a $7 million fundraising round, which includes pre-seed and seed funding. The round was co-led by Fabric Ventures and Kyber Capital Crypto Fund, a SALT Family fund. Other investors in this round include AMDAX, Wave Digital, Funfair Ventures, Seier Capital, Five T Fintech, and Saxon. The funds will be used to drive the launch of CVEX's platform this summer and support the associated launch plan.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Category |
|---|---|---|---|---|---|
Crypto Valley Exchange | Apr 16, 2024 | $7M | Seed | $7M | DeFi |
Deploying on the Layer 2 (L2) solution Arbitrum using the new Stylus Rust SDK, CVEX supports futures and options trading for users with wallets across Ethereum, Optimism, BASE, and Solana, in addition to Arbitrum. The non-custodial platform requires users to connect via a Web3 wallet and deposit collateral exclusively in Circle's USDC. This setup enhances transparency around asset storage, reducing the risks associated with centralized exchanges.
About Crypto Valley Exchange
Crypto Valley Exchange (CVEX) is a leading entity in the Decentralised Derivatives Exchanges (DDEX) space, focusing on futures and options trading. The company aims to bring traditional finance practices into the DeFi space, offering enhanced risk management and capital efficiency. CVEX is led by a team of veterans from traditional and digital asset markets, including former executives from firms like Cantor Fitzgerald/BGC Partners, Deutsche Borse, and BNP Paribas. The company's vision is to bring a $700 trillion market on-chain, providing a transparent and efficient trading environment for institutional and retail traders.
Website: https://cvex.xyz/
X Account: https://x.com/cvex_xyz
X Followers today: 47.8k
About Investor
Investor: SALT Fund
The SALT Fund led the seed funding round, which included participation from Fabric Ventures, Kyber Capital Crypto Fund, AMDAX, Wave Digital, Funfair Ventures, Seier Capital, Five T Fintech, and Saxon. These investors are recognized for supporting innovative projects in the blockchain and DeFi sectors.
Location: Zug, Switzerland
Website: https://www.salt.org
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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