Crypto

DEX Hashflow Closes $25 Million Series A – Coins.fr

Jump Crypto, Coinbase and Dragonfly Capital have invested in decentralized cryptocurrency exchange platform Hashflow.

Founded in 2021 in San Francisco, Hashflow is developing a decentralized crypto exchange, also called DEX for “decentralized exchange”, focused on interoperability.

The platform offers a service that connects institutional market makers with traders through a Request for Quote (RFQ) model, offering cross-network compatibility, low transaction fees, high liquidity, and no “slippage” or slippage effect. start and end of the operation.

On Thursday, Hashflow announced a $50 million Series A funding round, raising its valuation to $400 million. Investors include major players and venture capitalists in the crypto sector such as Electric Capital, Wintermute, GSR, Dragonfly Capital, Jump Crypto, Coinbase Ventures and LedgerPrime.

We have already created the best cross-chain exchange product in DeFi, where users can exchange native assets on multiple chains in one place without using a bridge. […] We are pleased to announce this new fundraising which gives Hashflow a strong financial position that will allow it to grow regardless of market conditions,” said Hashflow CEO Varun Kumar in a press release.

With the funds raised, the startup plans to improve the trading experience on its platform and launch structured products by the end of the year.

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