The major decentralized exchange (DEX) trading platform Switcheo has received an amount of $1.2 million in a strategic investment from various big investors. With this investment, Switcheo aims at developing a new decentralized derivatives exchange.
Those investors who participated in this strategic investment include cryptocurrency fund management firm Three Arrows Capitals, the major digital asset trading platform MXC Exchange, the decentralized finance (DeFi)-focused venture capital fund DeFiance Capital, the decentralized finance investment fund DeFi Capital, and Digital Assets Capital Management (DACM). With the help of these investors, the decentralized trading-focused platform Switcheo was able to secure an amount of $1.2 million.
Switcheo plans to roll out new DEX Demex
This investment will help Switcheo to expand its list of existing products. Reportedly, the firm is planning on rolling out a new decentralized exchange (DEX) for derivatives known as Demex. This DEX trading exchange will be introduced for derivates such as options, futures, and bonds.
Switcheo has already made one of the major decentralized exchanges on NEO. In addition to this, the other products of Switcheo include TradeHub, a trading side-chain, and a decentralized exchange on Zilliqa.
Investors have not only provided their support through making an investment but they will also be supporting Switcheo in the promotion of its brand. They will help the platform to gain more users as well as to roll out new DeFi products.
While commenting on this investment, the portfolio manager and founder of DeFiance Arthur Cheong said in a statement that they are thrilled to invest in the company as he said Switcheo has the capability to capture the decentralized derivatives market. He said:
“We believe decentralized derivatives will be one of the next major DeFi primitives to take off and Switcheo will be well-positioned to capture this market. We are excited to back them as one of the best builders in this space.”
Darlene Morales
Reading your article helped me a lot and I agree with you. But I still have some doubts, can you clarify for me? I’ll keep an eye out for your answers.
350068 317413Exceptional read, I just passed this onto a friend who was doing some research on that. And he really bought me lunch since I located it for him smile So let me rephrase that: Thank you for lunch! 900763
362770 913129Enjoyed reading via this, very good stuff, thankyou . 268393
944000 321797You produced some decent points there. I looked on the web for that difficulty and discovered many people is going together with with the internet website. 465988
Der reichste und reichste der Welt Der klarste Beweis für den Wert der Marke und das ewige Design von replica rolex,insbesondere von solchen mit Funktionen,die nicht bei allen Marken zu finden sind,ist die Oyster Perpetual GMT Master Sonderuhr von Rolex aus dem Jahr 1955 für Piloten mit besonderen Eigenschaften Pass auf.
874971 85289Should tow line this caravan together with van trailer home your entire family rapidly get exposed to the issues along with reversing create tight placement. awnings 952482