A $1 million seed round funding headed by Animoca Ventures, with participation from Hailstone Ventures and numerous angel investors, was announced for Narwhal Finance, the decentralized cross-market perpetual trading platform built on BNB Chain and Arbitrum.
With leverages up to 1000x, Narwhal Finance enables users to engage in leveraged trading across a wide range of pairs, including crypto, FX, indices, and stocks. Users can smoothly follow top traders with its copy trading feature, make significant gains despite having little market expertise, and have an outstanding trading experience.
Narwhal Finance combines the best of social trading with the DEX experience to give customers complete transparency, confidence, and a simple trading experience with the goal of being the #1 decentralized cross-market trading platform.
“We are thrilled to have received such strong support from our investors in this seed funding round,” said Coco, Lead Developer of Narwhal Finance. “This funding will enable us to execute our vision of providing an exceptional decentralized leveraged trading platform accessible to all. We are grateful for the opportunity to bring our innovative solution to the market and are excited for what the future holds.”
Animoca Ventures, a prominent investor in the blockchain sector, is aware of Narwhal’s potential to upend the decentralized perpetual area. According to James Ho, Head of Animoca Ventures, “We are excited to support Narwhal Finance’s journey to revolutionize decentralized leveraged trading,” said James Ho, Head of Animoca Ventures. “We believe that the team’s expertise, combined with the platform’s innovative technology, can potentially disrupt the decentralized perpetual trading space. We see tremendous potential in this partnership and look forward to supporting Narwhal Finance as it grows and innovates.”
About Narwhal Finance
Narwhal Finance provides an innovative approach to social trading, a cross-market decentralized perpetual exchange that allows for leveraged trading of all asset classes using synthetic assets. Trading fees and the success of top traders generate a yield for liquidity providers on Narwhal, making it a profitable prospect for all parties.
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