IDEX Raises $2.5M to Rebuild Hybrid Exchange for Algorithmic Traders

oliverchloe
2022-10-21 11:49:56

IDEX has raised $2.5 million to relaunch as a trading platform accessible to market makers and algorithmic traders.

The Ethereum-based hybrid exchange said Thursday the $2.5 million would go to launching IDEX 2.0, a new, more liquid platform.
The money came in a seed round led by G1 Ventures and Borderless Capital, with other commits from Collider Ventures and Gnosis.
IDEX's creator, Panama-based Aurora Labs, raised $6 million in an initial coin offering (ICO) in early 2018.
Source: https://www.coindesk.com/idex-raises-seed-relaunch-market-maker-trading-platform

AndreasMAntonopoulos
2022-10-21 11:50:21

The exchange is good, I sell there coins often earned on the bounty, but with the increase in commission for transactions of course trouble.
In this regard, they made a minimum purchase of coins from 1 ETH