Bitcoin
$61,981.88-2.82%
Ethereum
$3,022.47-2.04%
Binance Coin
$550.14+1.48%
Solana
$135.65-0.85%
XRP
$0.49744258+0.07%
Dogecoin
$0.14990486-4.29%
Toncoin
$6.12-4.65%
Cardano
$0.45047093-1.28%
Shiba Inu
$0.00002236-1.64%
Avalanche
$34.48-0.59%
Tron
$0.11025345-2.54%
Wrapped Bitcoin
$60,659.30-5.06%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Consensus 2024Price Increase Extension Ends In
02
DAYS
16
HR
03
MIN
24
SEC
Finance

DEX Protocol 0x Labs Raises $70M From Greylock, OpenSea and Jared Leto

0x was tapped last week to power Coinbase’s new NFT marketplace.

By Brandy Betz
AccessTimeIconApr 26, 2022 at 1:02 p.m. UTC
Updated May 11, 2023 at 5:37 p.m. UTC
Amir Bandeali, co-founder and co-CEO of 0x (Photo by Will Foxley for CoinDesk)

Amir Bandeali, co-founder and co-CEO of 0x (Photo by Will Foxley for CoinDesk)

10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

0x Labs, which provides a decentralized exchange (DEX) protocol and non-fungible token (NFT) standards and infrastructure, has raised $70 million at an undisclosed valuation in a Series B round led by Greylock Partners and including NFT marketplace OpenSea, Pantera Capital, Jump Crypto and actor Jared Leto, according to a press release provided to CoinDesk. Forbes first reported on the news.

  • 0x offers a liquidity application programming interface that developers can use to split up transactions between decentralized exchanges to find the best prices and throughput. Supported exchanges include Uniswap, Curve and Oasis.
  • The firm also offers Matcha, a global liquidity and markets search engine that helps users trade their tokens at the best prices.
  • Last week, 0x Labs' native ZRX token soared 47% after an announcement that 0x would power the NFT marketplace of Coinbase (COIN), which operates the second largest crypto exchange in terms of trading volume.
  • The ZRX token is up almost 15% over the past 24 hours.
  • 0x Labs raised $15 million in February 2021 led by Pantera.
VolumeMuteUnmute

Big Tech Comes to Small Town: A Bitcoin Mining Story in Spur

  • What's the Biggest Misconception People Have About Bitcoin Mining?
    00:39
    What's the Biggest Misconception People Have About Bitcoin Mining?
  • Is Crypto at the 'Mercy' of Fed Rates and Macro Conditions Now?
    08:53
    Is Crypto at the 'Mercy' of Fed Rates and Macro Conditions Now?
  • Traders Bet on Ether's Drop; Sen. Lummis, Gillibrand Take on Stablecoin Legislation, Again
    01:47
    Traders Bet on Ether's Drop; Sen. Lummis, Gillibrand Take on Stablecoin Legislation, Again
  • Crypto Fee War Intensifies in South Korea
    01:02
    Crypto Fee War Intensifies in South Korea

    • UPDATE (April 26, 15:02 UTC): Updated sourcing and removed 'report from headline.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Brandy Betz
    Brandy Betz

    Brandy covered crypto-related venture capital deals for CoinDesk.

    Follow @BrandyBetz on Twitter

    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.