A week ago, one of the largest cryptocurrency exchanges, KuCoin raises $20 Million in a series of funding from major market players. Yet another trading platform has completed the funding round successfully and have raised $3 million from Klever Internet Investment.
Crypto Trading with $3m Funding
Xena Exchange is a digital assets exchange operating with 0.03% as taker’s fee and -0.03% maker’s rebate. As per the report, new funds will be employed for advancing the exchange’s work mechanism that includes team expansion, product development, and marketing efforts.
The firm is backed by a group of experienced professionals from prominent firms including Deutsche Bank, J.P.Morgan, UBS and more. As a response to $3 million funding, Anton Kravchenko, CEO of Xena Exchange explains “active trader requires smarter tools”. He elaborates as;
“Cryptocurrency trading platforms currently existing on the market are not built with knowledge of financial markets and tools. These platforms remain far from traditional stock exchanges in terms of the functionality demanded by professional market participants. Active traders require smarter tools for proﬁt extraction, lower commissions, a variety of order types and segregated funds.”
Further, he claims that;
“Our team knows what professional traders need, how they think, what works best in trading, and how to effectively launch these tools and services. Xena Exchange’s platform offers unique features for professional traders, including Positions and P&L calculation, high rebates for market makers, low latency trading, and trend analytics. These tools are set to be bolstered by a professional desktop trading terminal and synthetic instruments by the end of the year. We are proud to be recognized as a reliable partner able to meet the high standards set by investors like Klever Internet Investments“.
Dublin based Xena exchange was launched in 2017 which has received initial funding from an angel investor in the same year. Its website claims that the platform is powered by AI studies and signals and will ensure to offer real-time P&L calculations.
Is the funding of $3million to Xena a good investment? Let’s discuss
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