Venture capital (VC) investors kept busy this past week as Centrifuge, Crypto Valley Exchange and Nebra all clinched new rounds of funding.

Crypto Valley Exchange

The $7-million funding round consisted of pre-seed and seed rounds. Fabric Ventures and Kyber Capital Crypto Fund co-led the effort.

Crypto Valley Exchange also drew support from notable backers like AMDAX, Wave Digital, Funfair Ventures, and the Seier Capital Family Office, among others.

CVEX is set to offer a decentralized exchange (DEX) catering to crypto enthusiasts, aiming to provide transparent and cost-effective futures and options trading. One of its features includes specialized bid-offer dynamics that the company hopes will work better than existing trading platforms.

Regarding its upcoming mainnet launch, scheduled for this summer on Arbitrum (ARB), CVEX stated it will include enhanced trading features compatible with user wallets across Ethereum (ETH), Optimism (OP), and Solana (SOL).

With nearly 160,000 users already signed up for early access during its testnet phase, the team behind CVEX hopes it could disrupt the derivatives market landscape. 

We’re bringing established risk approaches on-chain, allowing proper risk management and real hedging strategies to be applied, which will open up defi derivatives to everyone from degens to big institutions and facilitate much greater volumes of trading liquidity.

James Davies, Chief Product Officer, CVEX

Centrifuge

In other funding news, Centrifuge, a leading platform for on-chain finance, also announced a substantial $15 million

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Author: Julius Mutunkei

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