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Funding Roundup: Derivatives and Defi Draw a Fresh Influx of VC Firms and Private Investors

As blockchain technology disrupts traditional industry standards, the list of progressive investors willing to stake their money has increased significantly. Leveraging this ongoing investment trend, both upcoming and ongoing projects are attracting millions of dollars from private investors, shaping a new era of decentralization. Globe DX Successfully Closes Fresh $18 Million Funding Round A new derivative exchange, Globe Derivative Exchange (Globe DX), has successfully closed its recent seed funding round. Backed by top-class blockchain VCs such as Pantera Capital, Y Combinator, CMT Digital, Draper Dragon, Wave Financial, Republic Crypto, and Okex, Globe DX closed the private round, raising a total…

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BENQI Closes $6M Round to Create Algorithmic Liquidity Market on Avalanche

PRESS RELEASE. BENQI, a liquidity market operating on the Avalanche network, has completed a private funding round. A total of $6 million was raised in a round led by Ascensive Assets. A number of leading investors on blockchain and the emerging Avalanche ecosystem also participated. These include Mechanism Capital, Dragonfly Capital, Arrington XRP Capital and The Spartan Group. Other backers were Morningstar Ventures, Vendetta Capital, TRGC, Genesis Block, Woodstock and Rarestone alongside Ava Labs and leading liquidity provider Skynet Trading. Built on Avalanche’s highly scalable network, BENQI combines elements of defi and tradfi to create a liquidity protocol in which…

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