OpenEx, a Singapore-based trading company which specializes in a hybrid exchange model, raised an undisclosed amount in Pre-Series A funding, at a valuation of USD 50M.
Backers included C² Ventures, Agallochum Capital, TKX Capital, Future Moneys, String Capital, and many others.
The company intends to use the funds to improve the trading experience on its products.
Led by CEO Jake Stolarski, and led by Chief Business Officer Bob Chien, OpenEx is building a hybrid exchange model that integrates centralization and decentralization, attracting diverse market entities through diverse trading modules to maximize liquidity creation and the most efficient pricing.
Online for nearly 3 months, OpenEx already has an active community of over 100,000 monthly active users, with 60,000+ registered users and members respectively. The daily trading volume is approximately around 100 million USD.
FinSMEs
21/07/2023