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Binance Leads $2M Funding Round for Crypto Exchange Aggregator OpenOcean
Multicoin Capital, LD Capital, CMS, Kenetic and Altonomy also participated in the round.
Binance, the world’s biggest cryptocurrency exchange by trading volume, has led a $2 million funding round for crypto exchange aggregator OpenOcean.
STORY CONTINUES BELOW
- Other participating investors included Multicoin Capital, LD Capital, CMS, Kenetic and Altonomy, OpenOcean said Tuesday.
- The investment will be used to expand OpenOcean’s aggregation ecosystem of centralized and decentralized exchanges.
- It further plans to add derivatives, combined margin products, yield products, lending, insurance and wealth management services via its different international versions.
- OpenOcean aims to provide users with the best crypto asset prices by facilitating trading across multiple exchanges.
- Currently, the platform supports trading on Ethereum, Binance Smart Chain, Tron and Ontology, with Solana, Polkadot and Layer2 coming soon, the firm said.
Read more: Binance Pledges New Controls After 99% ‘Flash Crash’ in Polkadot Futures
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
