Brine Fi hits $100m valuation with $16.5m round as it launches top ranking decentralised exchange
–News Direct–
Centralised Exchanges (CEXs) that trade crypto currencies have been under fire ever since the FTX fall out. This led to a surge in interest for Decentralised Exchanges (DEXs) for traders seeking some safeguards for their portfolios. Yet these DEXs remain cumbersome for users to execute trades and manage profitability. Innovating the decentralised finance space, Brine Fi is today announcing a $16.5m series A funding round having launched its orderbook platform just weeks ago that is already running monthly volumes of $300m, becoming the top ranked DEX globally.
Brine Fi Founders: (L to R) Shaaran Lakshminarayanan(CEO), Ritumbhara Bhatnagar(CDO) and Bhavesh Praveen(CTO).
The funding round was led by Pantera Capital with participation from Elevation Capital, Starkware Ltd, Spa...