Narwhal Finance, a decentralized cross-market perpetual trading platform built on BNB Chain and Arbitrum, has raised $1 million in seed funding led by Animoca Ventures.
The platform enables users to engage in leveraged trading across an extensive array of pairs, including crypto, forex, indexes, and stocks, with leverages up to 1000x. Through its copy trading function, users can follow top traders and earn substantial profits even with limited market knowledge.
Narwhal Finance aims to become the #1 decentralized cross-market trading platform, combining the best of DEX experience and social trading to offer users transparency, confidence, and an effortless trading experience. The funding will enable the platform to execute its vision of providing an exceptional decentralized leveraged trading platform accessible to all.
Narwhal Finance offers a unique solution for social trading by enabling leveraged trading of all asset classes through synthetic assets. Liquidity providers on Narwhal earn a yield from trading fees and top traders’ performance, making it a profitable opportunity for all parties involved. The platform’s team’s expertise and innovative technology can potentially disrupt the decentralized perpetual trading space.
Animoca Ventures, the lead investor in the funding round, recognizes Narwhal’s potential to disrupt the decentralized perpetual space. The venture firm sees tremendous potential in the partnership and looks forward to supporting Narwhal Finance as it grows and innovates.
Narwhal Finance’s lead developer, Coco, said that the funding would enable the platform to execute its vision of providing an exceptional decentralized leveraged trading platform accessible to all. The team is excited to bring its innovative solution to the market and is grateful for the opportunity.
Narwhal Finance’s $1 million seed round funding led by Animoca Ventures will enable the platform to execute its vision of providing an exceptional decentralized leveraged trading platform accessible to all. The platform’s innovative technology and expertise have the potential to disrupt the decentralized perpetual trading space.