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Finance

Binance Leads $2M Funding Round for Crypto Exchange Aggregator OpenOcean

Multicoin Capital, LD Capital, CMS, Kenetic and Altonomy also participated in the round.

By Tanzeel Akhtar
AccessTimeIconMar 9, 2021 at 11:13 a.m. UTC
Updated May 9, 2023 at 3:16 a.m. UTC
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Binance, the world’s biggest cryptocurrency exchange by trading volume, has led a $2 million funding round for crypto exchange aggregator OpenOcean. 

  • Other participating investors included Multicoin Capital, LD Capital, CMS, Kenetic and Altonomy, OpenOcean said Tuesday.
  • The investment will be used to expand OpenOcean’s aggregation ecosystem of centralized and decentralized exchanges.
  • It further plans to add derivatives, combined margin products, yield products, lending, insurance and wealth management services via its different international versions.
  • OpenOcean aims to provide users with the best crypto asset prices by facilitating trading across multiple exchanges.
  • Currently, the platform supports trading on Ethereum, Binance Smart Chain, Tron and Ontology, with Solana, Polkadot and Layer2 coming soon, the firm said.

Read more: Binance Pledges New Controls After 99% ‘Flash Crash’ in Polkadot Futures

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