Denmark, Copenhagen, 24th March, 2023, Chainwire
Narwhal Finance Reaches Milestone of $1 Million in Seed Investment Led by Animoca Ventures
Narwhal Finance, a decentralized cross-market perpetual trading platform built on BNB Chain and Arbitrum, has achieved a milestone of $1 million in seed investment, led by Animoca Ventures. Other participants in the round include Hailstone Ventures and various angel investors.
Narwhal Finance enables users to engage in leveraged trading across an extensive array of pairs, including crypto, forex, indexes, and stocks, with leverages up to 1000x. Moreover, its copy trading function allows users to follow top traders, earn considerable profits even without extensive market knowledge, and benefit from a superior trading experience.
With the mission of becoming the #1 decentralized cross-market trading platform, Narwhal Finance combines the best of DEX experience and social trading to deliver full transparency, confidence, and a smooth trading experience.
“We are ecstatic to have received such strong support from our investors in this seed funding round,” said Coco, Lead Developer of Narwhal Finance. “This funding will help us execute our vision of providing a top-notch decentralized leveraged trading platform accessible to all. We are grateful for the chance to bring our innovative solution to the market and look forward to what the future holds.”
As a prominent investor in the blockchain industry, Animoca Ventures recognizes Narwhal’s potential to revolutionize the decentralized perpetual space. “We are thrilled to be a part of Narwhal Finance’s journey to disrupt decentralized leveraged trading,” said James Ho, Head of Animoca Ventures. “We believe that the team’s expertise, combined with the platform’s innovative technology, can potentially revolutionize the decentralized perpetual trading space. We are extremely optimistic about 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 exchange that provides a unique solution for social trading by enabling leveraged trading of all asset classes through synthetic assets. Liquidity providers on Narwhal earn a yield from trading fees and top traders’ performance, making it a lucrative opportunity for all involved.
For more information or media inquiries, please contact [email protected]
Contact
Narwhal Marketing, [email protected]
