Primex Finance Raises $5.7M in Seed Funding

Primex Finance

Primex Finance, a Tallinn, Estonia-based decentralized prime brokerage liquidity protocol for DEX-agnostic cross-margin trading, raised $5.7m in seed funding.

The round was led by CoinFund and Stratos Technologies, with participation from HyperSphere, GoldenTree Asset Management, Wintermute, GSR, Ledgerprime, among other market participants and angel investors.

The funds will be used to progress product development ahead of Primex’s V1 launch later this year. 

Led by Vlad Kostanda and Dmitry Tolok, Primex Finance, Primex is a cross-chain prime brokerage liquidity protocol for cross-DEX margin trading with trader scoring mechanisms. In Primex, lenders provide liquidity to pools where traders can use it for leveraged trading in cross-DEX environments, while lenders then have an opportunity to earn high yields, their interest is generated from margin fees and profits on trades.