This new funding brings the total raise of FTX till date to $1.42 billion. The crypto startup intends to use the fund to expand into new domains, and improve its current product portfolios.
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The Series C funding round was led by Coinbase Ventures and Andreessen Horowitz (a16z), with participation from previous investors Sequoia Capital, Paradigm, Ribbit Capital and Tiger Global.
The crypto firm will launch staking rewards, derivative products, lending and borrowing, custody solutions, and crypto payments for Indian users.
NSAV OTC Crypto Desk will offer private and personalized service to institutions and HNW individuals.
HODL is a community-driven token on the Binance Smart Chain.
The fresh funding boosts CoinDCX’s valuation to US$1.1 billion, bringing its status as a crypto unicorn.
NSAV is putting a big focus on compliance to differentiate itself from the well established crypto exchanges like Coinbase, Binance and Huobi.
The launch of NSAV cryptocurrency exchange will make NSAV only the second U.S. publicly traded company to own a Cryptocurrency Exchange after Coinbase.
The largest cryptocurrency exchange on the planet is facing the flak of regulators in several countries for compliance issues. The securities regulator of Malaysia announced Friday “enforcement actions against Binance for illegally operating a digital asset exchange (DAX).”
Layer 2 DEX ZKSwap allows users add and swap any cross-chain token with no gas fees and instant settlement.