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Project 0x raised $ 15 million in Serie A funding round

0x Labs, which specializes in infrastructure solutions for decentralized exchanges (DEX), raised $ 15 million in investment in its Series A funding round.

The round was led by venture capital firm Pantera Capital. It was also attended by Jump Capital, Coinbase Ventures. Ventures, Nima Capital, IOSG, DeFi Alliance and other market players, including “operators, market makers and developers of the decentralized finance industry.”

The funds raised by 0x will be directed to the development of the platform for aggregating liquidity from the Ethereum exchanges Matcha, which was launched last summer.

According to DeBank, Matcha is the fifth largest DEX in terms of trading volume, behind Uniswap, SushiSwap, 1inch and Curve.

Against the backdrop of news about investments in 0x Labs, the price of the project token soared from about $ 0.80 to $ 2 and stabilized around $ 1.40.

Coinbase 4 Hour ZRX / USD Chart by TradingView.

Recall that at the end of January, the 0x developers presented a new version of the protocol with low gas costs and an intelligent order routing algorithm.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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