Bitcoin
$64,519.42+0.10%
Ethereum
$3,164.12+0.67%
Binance Coin
$616.46+2.77%
Solana
$147.67-1.30%
XRP
$0.52954970-0.86%
Dogecoin
$0.15252544-0.90%
Toncoin
$5.50-2.31%
Cardano
$0.47335578-0.96%
Shiba Inu
$0.00002598-0.02%
Avalanche
$35.93-3.00%
Tron
$0.11718820+2.93%
Wrapped Bitcoin
$64,630.79+0.01%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Countdown to Consensus 2024The largest and longest running event that covers all sides of Crypto and Web 3
33
DAYS
17
HR
09
MIN
21
SEC
Finance

DEX Aggregator ParaSwap Raises $2.7M Seed Round From Deep Roster of Crypto Investors

ParaSwap has raised $2.7 million in seed funding from 32 investors including Blockchain Capital, Alameda Research, CoinGecko and more.

By Jaspreet Kalra
AccessTimeIconSep 17, 2020 at 11:00 a.m. UTC
Updated May 9, 2023 at 3:11 a.m. UTC
Paraglider takes flight (Juliette G./Unsplash)
Paraglider takes flight (Juliette G./Unsplash)
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

ParaSwap, a decentralized exchange (DEX) aggregator, has completed a $2.7 million seed funding round joined by some of the industry's top investors.

  • France-based ParaSwap hopes its API will become the connective tissue between various decentralized finance (DeFi) applications, founder Mounir Benchemled told CoinDesk via email.
  • “The API does not only allow access to DEXs but also to other DeFi services such as Aave and Compound,” Benchemled said.
  • According to a press release Thursday, ParaSwap raised the seed funding from a total of 32 investors including Blockchain Capital, Alameda Research, Arrington XRP Capital, Coinfund, CoinGecko, Aave founder Stani Kulechov and others.
  • While ParaSwap was started as a DEX aggregator, Benchemled said the firm shifted focus in late 2019 to fine-tuning its API and making the platform an easy-to-use entry point for DeFi applications, traders and wallets.
  • “Our next steps are growing the team and scaling ParaSwap’s infrastructure so that we can support our next business challenges,” he said in the release.
VolumeMuteUnmute

Wormhole’s W Token Has a 999% Weekly Return; Why VanEck Is Bullish on Ethereum Layer 2s

  • NEAR Launches Multichain Access
    15:12
    NEAR Launches Multichain Access
  • How NEAR Enables Multichain Access From One Account
    00:56
    How NEAR Enables Multichain Access From One Account
  • Three Crypto Predictions in 2024
    02:07
    Three Crypto Predictions in 2024
  • Crypto Market Leaders and Laggards in 2023
    01:50
    Crypto Market Leaders and Laggards in 2023

    • Read more: DEX Aggregator 1inch Raises $2.8M From Binance Labs, Galaxy Digital and More

    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.

    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.