Crypto Market Maker CyberX Gets $15M From Foresight Ventures

Crypto market maker CyberX has raised $15 million in a strategic investment from Foresight Ventures, a crypto venture capital firm with about $400 million in assets under management.

Market makers are essentially trading firms utilizing their own capital to bet on tokens and take the other side of trades on exchanges when other traders are trying to buy in or out quickly. The collapse of multibillion-dollar crypto exchange FTX raised questions about the general liquidity of the industry, and market makers came under the spotlight.

"Blockchain technology has transformed the way value is exchanged in [traditional finance]. As a crypto market maker, we aim to connect assets efficiently and transparently with our proprietary technology to provide liquidity across trading venues, DeFi protocols, and [non-fungible token] marketplaces," said CyberX CEO Hao Wang in a statement.

CyberX_Official ForesightVen BrandyBetz Looking like Q1+Q2 will be a nice rally, and blockchain based AI is at the front of the hype train. MatrixAINetwork is always good for making science come true.

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