BBOX Raises $2.7M in Pre-Seed Funding for Decentralized Derivative Trading
BBO Exchange (BBOX), a decentralized derivative trading platform, has closed its pre-seed funding round with $2.7 million in capital. The funding round was co-led by venture funds Hashed and Arrington Capital, with participation from Consensys, CMS Holdings, Flow Traders, and others. BBOX aims to augment the DeFi space through its unique strategy in decentralized derivative trading, with a signal-driven dynamic distribution Automated Market Maker (AMM) and an auction mechanism that leverages the inherent latency in Oracle price updates. The platform is also preparing to introduce its signal-driven AMM on Linea, a zkEVM Layer 2 Network designed for scaling Ethereum decentralized applications.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Why The Next Altcoin Season Could Be the Biggest Ever
Mind Network Unveils First Encrypted Cross-Chain $USDC Layer with Circle and Chainlink
Trump’s Tariff Policies Unlikely to Increase US Manufacturing Jobs in the ‘Foreseeable Future’: Wells Fargo Analysts
PENGU Was Missed by Many—Grab BTFD Presale and Turn $100 into $12K: Best New Meme Coin to Join This Week!
Missed Pudgy Penguins? Don’t miss BTFD! With 11,900% ROI potential, 90% APY staking & a live P2E game, it’s the best meme coin to join this week!BTFD Coin Is Where Whales Feast—Get in Before the Final Blowout!Pudgy Penguins (PENGU) — You Delayed, It Blew UpConclusion: Timing Is Everything in Crypto!
Trending news
MoreCrypto prices
More
