Drift Labs, a remote builder of a decentralized derivatives cryptocurrency exchange built on Solana, raised $25m in Series B funding.
The round was led by Multicoin Capital, with participation from Blockchain Capital, Folius Ventures, Maelstrom, and Primitive.
The company intends to use the funds to expand operations and its development efforts.
Co-founded by Cindy Leow, Drift is building a DeFI, fully on-chain perpetual futures exchange built on Solana. Its goal is to bring a state-of-the-art trader-centric experience from centralized exchanges on-chain.
FinSMEs
20/09/2024