Crypto Market Maker CyberX Gets $15M From Foresight Ventures

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Crypto market maker CyberX_Official has received a $15 million strategic investment from ForesightVen as the FTX collapse puts a spotlight on liquidity. BrandyBetz reports.

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.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 291. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

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.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Why Crypto Whales Are Staying on the Sidelines of the Bitcoin MarketBitcoin (BTC) is trading steadily above $17,000 ahead of an expected hawkish speech by Federal Reserve President Jerome Powell. IDX Digital Assets CIO Ben McMillan joins 'First Mover' to discuss the recent price actions and why crypto whales are staying on the sidelines of the bitcoin market despite a risk reset in traditional markets. bmcmillan888 DCGco Exactly. Bitcoin price moves as a handful of wash trades dictate. bmcmillan888 DCGco This looks like a good opportunity for day traders to get involved. It will bring volatility into the market
La source: CoinDesk - 🏆 291. / 63 Lire la suite »

Billionaire bitcoin bull Mike Novogratz shares crypto market outlookBillionaire bitcoin bull Mike Novogratz says 2023 will be a year for crypto markets to try and survive, and 'heal and rebuild narrative' Sounds like a guy trying to protect his portfolio
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Crypto Markets Today: Coinbase Announces More Job Cuts Amid Market JittersCoinbase cuts around 20% of workforce. BTC strong at around $17,400, up 1.7% over the past 24 hours. ETH up 1.5% to $1,340. Both assets hit nearly four-week highs. Equities closed up following Fed’s comments on higher rates. _jocelynyang_ reports _jocelynyang_ Huobi lay off around 300 employees as well. Tough times for crypto. _jocelynyang_ Tough news for Coinbase, but bullish for $BTC & $ETH. Still, the Fed's comments reflect a positive outlook, and DeFi is modernizing financial services and inclusion. Onward and upwards 🚀 crypto DeFi _jocelynyang_ ETH as a POS and no limit on supply will go down in price. I sold mine for a profit early last year. Bitcoin, Ethereum Classic are my choices.
La source: CoinDesk - 🏆 291. / 63 Lire la suite »