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Prime Brokerage Liquidity Protocol Primex Finance Announces $5.7M Raise Led By Coinfund And Stratos Technologies

Feb 04, 2022•over 3 years ago

Amount Raised

$5.7 Million

Description

Primex Finance, a decentralized prime brokerage liquidity protocol for DEX-agnostic cross-margin trading, announced a $5.7 million seed round led by blockchain-focused investment firm CoinFund and Stratos Technologies, a multi-strategy venture capital firm. The raise also saw participation from HyperSphere, GoldenTree Asset Management, Wintermute, GSR, Ledgerprime, among other notable market participants and angel investors.

Company Information

Company

Primex

About

Primex is the cross-chain prime brokerage liquidity protocol for cross-DEX margin trading with trader scoring mechanisms. In Primex, lenders provide liquidity to pools where traders can use it for leveraged trading in cross-DEX environments, while lenders then have an opportunity to earn high yields, their interest is generated from margin fees and profits on successful trades.Lenders will have the flexibility to manage their risks and return by providing liquidity to a variety of risk buckets, subsets of liquidity pools that regulate trader risk strategies. For more information, please visit our website at primex.finance and follow us on Twitter at @primex_official.