Antarctic Exchange Secures $7 Million in Financing Round
Antarctic Exchange, a decentralized perpetual contract exchange based in Singapore, has successfully raised $7 million in a recent financing round, achieving a valuation of $70 million. The funding round saw participation from several investors, including Valisa Capital Markets, Lucidity Capital, and Republic Crypto, alongside proprietary traders new to the cryptocurrency market.
The exchange aims to cater to retail derivatives traders by providing tools and features comparable to those found on centralized exchanges. The founding team of Antarctic Exchange comprises former executives from prominent cryptocurrency platforms such as OKX, Binance, and MEXC, bringing extensive industry experience to the venture.
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Source: KLEA News