CyberX, a Singapore-based market maker for digital assets, raised $15M in Series A+ funding.
The round was led by Foresight Ventures.
The company intends to use the funds to expand its team in Asia and North America, integrate more exchanges and DeFi protocols into its liquidity network, and strengthen its trading infrastructure to further improve liquidity and pricing for its partners and clients.
Led by CEO Hao Wang, CyberX is a trading technology firm in digital asset trading, infrastructure building, and market making. It is currently a provider of a suite of liquidity solutions, such as algorithmic market making in spot and derivatives markets across perpetuals, futures options, structured products, OTC services and DeFi protocols. Over the years, CyberX has built an extensive crypto liquidity network with a US$400 million daily trading volume and network spanning more than 30 venues and 5,000 tokens with 10,000 trading pairs.
FinSMEs
13/01/2023