Lightspeed Venture Invests $2.8M in Crypto Market Maker Wintermute
Funding will go towards expanding its liquidity products across the crypto derivatives market.
The firm’s new service brings traders easier access to over 20 of the top 100 crypto exchanges.
The San Francisco-based firm did not say if it would choose a direct listing.
Oxygen will enter its beta stage in the next two to three months, co-founder Alex Grebnev said.
The Series B will fund a push into Asia and the launch of a derivatives business.
Uniswap competitor SushiSwap has aggressively moved up its massive withdrawal from its rival's liquidity pools, and may go live this weekend.