Kinetex’s Strategic Funding from Gnosis and Factor Strengthens Financial Position

Kinetex's Strategic Funding from Gnosis and Factor Strengthens Financial Position

Funding Round Success

Kinetex is proud to announce the successful completion of a $1 Million funding round supported by Gnosis and Factor. This collaboration represents a critical step for Kinetex in bringing their unique cross-chain trading solution to the market. The funding round has included strong institutional investment, enabling Kinetex to advance its innovative cross-chain trading approach, integrating zero-knowledge (Zk) technology.

Innovative Solutions

Kinetex is completing the testing phase for the Flash Trade mode, which will introduce a resolving-based approach to cross-chain trading. In this model, professional resolvers will compete to fulfill user orders, addressing numerous challenges present in cross-chain trading today, such as price slippages, high gas costs, long wait times, and more. Kinetex strives to empower cryptocurrency users by developing solutions that enable easy and efficient use of DeFi services globally.

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About Kinetex

Kinetex is a cutting-edge blockchain technology company co- established by Tigran Bolshoi and Mike Shishko in 2023. With the successful launch of Liquidity Aggregation and the Kinetex dApp, the company has already achieved whole lot of milestones in revolutionizing cross-chain trading. Their commitment to open accessibility for the cryptocurrency community and the development of superior cross-chain solutions sets them apart in the blockchain industry.

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Hot Take

Kinetex’s successful funding round and ongoing developments mark a whole lot of milestone for the company. The integration of Zk technology and the introduction of the resolving-based approach to cross-chain trading demonstrate Kinetex’s commitment to delivering efficient and accessible DeFi solutions. As they continue to innovate and empower cryptocurrency users, Kinetex is poised to become a leader in the blockchain industry.

Author – Contributor at | Website

Cyrus Dailey stands as a luminary gracefully weaving the roles of crypto analyst, tenacious researcher, and editorial artisan into a captivating narrative of insight. Amidst the intricate world of digital currencies, Cyrus’s perspectives resonate like finely tuned melodies, captivating curious minds from a myriad of perspectives. Her ability to decipher complex threads of crypto intricacies melds seamlessly with her editorial finesse, transforming intricacy into a harmonious composition of understanding.

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