Decentralized trading platform UXUY, based in Singapore, revealed that it had raised $3.2 million in seed funding from investors.
Bixin Ventures, WaterDrip Capital, KuCoin Ventures, Pionex, LK Ventures, Arcane Group, Daoverse Capital, Lapin Digital, etc. are among the investors, according to a statement from UXUY.
“We are excited to form a strategic partnership with all our investors! Our mission, ultimately, is to build a decentralized Binance, and our vision is to build the entry portal for Web3 to welcome the mass adoption of 1 billion users,” said Jordan, Co-founder of UXUY.
Serial entrepreneurs founded the Singapore-based startup UXUY, which is supported by the top venture capital firms in the sector.
In order to give users worldwide a centralized exchange (CEX)-like user experience, the company is developing the next-generation MPC-based decentralized trading platform.
Users can start and complete cross-chain transactions with just one click thanks to the company’s mnemonic-free and gas-free solutions.
In order to give users a trading environment that is “stablecoin-centric” and a user experience akin to CEX, the company plans to build a comprehensive stablecoin liquidity pool.
UXUY actively contributes to the development of the “Unclaimed” ecosystem, supports widely used public chains, and fully utilizes “wallet + transaction”.
“UXUY’s funding team are serial entrepreneurs who have experienced a complete bull-bear market cycle, and have extraordinary knowledge and technical expertise for multi-chain ecology and cross-chain transactions,
“Bixin Venture looks forward to working with the team to accelerate the next disruptive Web 3.0 innovation,” said Wang Xi, Partner of Bixin Ventures.
Singapore’s top cryptocurrency fund, Bixin Ventures, was established in 2017 and is supported by leaders in the blockchain sector.
Aptos, LayerZero, Gnosis Safe, arweave, Scroll, and other well-known projects are among those in which the company has invested.