OpenEx Closes Funding Round to Build Hybrid Exchange Model
OpenEx, a crypto exchange, has closed its funding round with a valuation of $50 million. The funding round includes prominent names in the Web3 space, such as C² Ventures and TKX Capital. The funding will be used to enhance the trading experience on the platform. OpenEx aims to create a hybrid exchange model that integrates centralization and decentralization, allowing certified partners to act as their own liquidity providers. By doing so, OpenEx ensures autonomy and membership sovereignty for its partners. The platform’s core principles are neutrality, fairness, and impartiality. OpenEx also plans to launch a trade mining program to reward users for trading. CEO Jake Stolarski envisions OpenEx as a beginner-friendly platform that prioritizes user empowerment and freedom.
Key Points:
- OpenEx closes funding round with a valuation of $50 million
- Prominent names in the Web3 space participate in the funding round
- Funding will be used to improve the trading experience
- OpenEx aims to create a hybrid exchange model that allows certified partners to be their own liquidity providers
- Core principles of OpenEx are neutrality, fairness, and impartiality
OpenEx’s Vision for the Future
OpenEx aims to democratize the traditional CEX model by prioritizing user empowerment and freedom. The platform seeks to provide fair transactions and personalized services to its users. OpenEx already has an active community of over 100,000 monthly users and plans to expand its offerings to further engage its supporters.
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