Denmark, Copenhagen, twenty fourth March, 2023, Chainwire
Narwhal Finance Secures $1M in Seed Funding Led by Animoca Ventures
Narwhal Finance, the decentralized cross-market perpetual buying and selling platform constructed on BNB Chain and Arbitrum, introduced a $1 million seed spherical funding led by Animoca Ventures, with participation from Hailstone Ventures and numerous angel traders.
Narwhal Finance empowers customers to interact in leveraged buying and selling throughout an intensive array of pairs, together with crypto, foreign exchange, indexes, and shares, with leverages as much as 1000x. By its copy buying and selling perform, customers can seamlessly comply with prime merchants, earn substantial income even with restricted market information, and revel in an distinctive buying and selling expertise.
With the imaginative and prescient of turning into the #1 decentralized cross-market buying and selling platform, Narwhal Finance combines the perfect of DEX expertise and social buying and selling to supply customers full transparency, confidence, and a simple buying and selling expertise.
“We are thrilled to have received such strong support from our investors in this seed funding round,” stated 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.”
As a number one investor within the blockchain trade, Animoca Ventures acknowledges Narwhal’s potential to disrupt the decentralized perpetual area. “We are excited to support Narwhal Finance’s journey to revolutionize decentralized leveraged trading,” stated 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 is a cross-market decentralized perpetual alternate that provides a novel answer for social buying and selling by enabling leveraged buying and selling of all asset courses by way of artificial property. Liquidity suppliers on Narwhal earn a yield from buying and selling charges and prime merchants’ efficiency, making it a worthwhile alternative for all events concerned.
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