December 20, 2024
Valhalla has secured $1.5 million in a pre-seed funding round, marking a key step toward the development of its on-chain exchange for trading derivatives. The company plans to create a transparent and secure platform for users to engage in trading contracts. While the lead investor has not been disclosed, the funding signals growing interest in blockchain-based financial solutions.
The platform enables users to trade derivatives without the need for intermediaries, ensuring greater transparency and security. By leveraging blockchain technology, Valhalla aims to streamline the trading process and offer a more accessible alternative to centralized exchanges, responding to a growing demand for decentralized financial infrastructure.
The funding will be used to further develop the platform, expand the team, and prepare for the public launch. Valhalla seeks to provide traders with a direct and counterparty-free solution, addressing inefficiencies in the existing derivatives market.
About Valhalla
Valhalla is developing an on-chain perpetuals exchange that aims to transform perpetual swap trading. The platform leverages blockchain technology to provide a transparent, secure solution for derivatives trading, offering an alternative to traditional centralized platforms and giving traders more control over their transactions.
Website: https://valhalla.exchange/ X: @valhallaperps 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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