BBO Exchange Raises $2.7 Million in Pre-Seed Funding Round
BBO Exchange, a decentralized derivative exchange, has announced that it raised $2.7 million in its pre-seed funding round. Leading the round were Hashed and Arrington Capital.
The funding round also saw participation from investors such as Consensys, CMS Holdings, Flow Traders, Manifold Trading, Mask Network, and Nomura’s Laser Digital.
Automated Market Maker Model
BBO Exchange utilizes an automated market maker model that enables liquidity providers to align their price ranges with other assets. This allows them to replicate the strategies of proactive market makers while maintaining passive liquidity provision.
Launching on Linea
The trading platform is currently working on launching its signal-driven AMM on Linea, a zkEVM Layer 2 Network designed to scale Ethereum dApps. BBO Exchange has opened registration for its private testnet.
Creating a Comprehensive DeFi Ecosystem
BBO Exchange’s founder, Ray, stated that their aim is to provide the entire DeFi ecosystem with both the infrastructure and liquidity layer for derivative trading. The ultimate goal is to create a venue where users can effectively trade and earn on everything.
Hot Take: BBO Exchange Secures Impressive Pre-Seed Funding Round
BBO Exchange has successfully raised $2.7 million in its pre-seed funding round, with Hashed and Arrington Capital leading the investment. This decentralized derivative exchange aims to revolutionize the DeFi ecosystem by offering an automated market maker model that aligns liquidity providers’ price ranges with other assets. By doing so, BBO Exchange combines the strategies of proactive market makers with passive liquidity provision. The platform plans to launch its signal-driven AMM on Linea, a zkEVM Layer 2 Network, and has already opened registration for its private testnet. With the support of prominent investors and a clear vision, BBO Exchange is poised to make a significant impact in the crypto space.
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