Vanilla Finance, a provider of a platform that offers simplified derivatives trading, real-time settlement, and leveraged financial products directly within Telegram, received an investment from HTX Ventures.
The amount of the deal was not disclosed.
The company intends to use the funds to expand operations and its development efforts.
Vanilla Finance provides a platform that offers simplified derivatives trading, real-time settlement, and leveraged financial products directly within Telegram. It is designed with the habits of Telegram users in mind, integrating play-to-earn mechanisms and transaction mining to make cryptocurrency trading both accessible and engaging.
Vanilla Finance has recently secured a strategic agreement with Catizen & NotCoin, two of the top-rated games on Telegram, along with VCs such as HTX Ventures, UOB Ventures, ABCDE Labs, Pluto, Paper Ventures, Open Space, Y2 and core founders from projects including Step’N, Movement, Scroll and XAI.
The company allows users to own Bitcoin at a low cost. It has recently achieved top positions with Scroll and Bitlayer, achieving 3 billion USDT in trading volume and over 500,000 users in the first 60 days.
FinSMEs
06/09/2024