🍋 FRESH FUNDING 🍋
DeFIRE, Order Routing: $5M. The private funding round for the Cardano-based smart order routing platform was supported by Morningstar, SwissBorg Ventures, Cryptodrop Fund, MoonWhale, Hype Partners, Lotus Capital, Sheesha Finance, GenBlock, Nodeseeds, and others.
- DeFIRE is a collaborative startup between IDO platform Occam.fi and crypto exchange Changelly.
- The private funding round comes ahead of DeFIRE’s IDO through OccamRazer.
- The startup plans to use its fresh funding to expand infrastructure, hire additional staff, and further provide functionality to the platform.
DTrade, Exchange: $6.4M. The startup’s seed funding round was backed by Three Arrows, DeFinance, Huobi, and Polychain.
- DTrade plans to be the first derivatives exchange built within the Polkadot ecosystem, enabling leveraged derivatives that settle on-chain.
- DET token, the native token of dTrade, is expected to be released sometime in June.
- Due to regulatory issues, dTrade will not be made available for retail traders in the U.S.