Narwhal Finance, a decentralized cross-market continuous trading platform, announced the completion of a $1 million seed round. The round was led by Animoca Ventures, with known companies such as Hailstone Ventures also participating. Additionally, the round was supported by a number of angel investors.
Narwhal Finance Completes $1 Million Seed Funding with Support from Animoca Ventures
“We are thrilled to have received such strong support from our investors in this seed funding round. This funding will enable us to execute our vision of providing an exceptional decentralized leveraged trading platform accessible to all. We are grateful for the opportunity to bring our innovative solution to the market and are excited for what the future holds.”
Coco, Lead Developer of Narwhal
With leverages of up to 1000x, Narwhal enables customers to trade with leverage on a wide range of pairs, including stocks, indices, FX, and cryptocurrencies. Users make significant gains even with little market expertise and can easily follow the best traders with the platform’s copy trading feature. As a result, they get a great trading experience.
Animoca Ventures’ Thoughts
On the other hand, Animoca, a pioneering investor in the blockchain sector, is aware of Narwhal’s potential to upend the decentralized perpetual field.
“We are excited to support Narwhal’s journey to revolutionize decentralized leveraged trading. We believe that the team’s expertise, combined with the platform’s innovative technology, can potentially disrupt the decentralized perpetual trading space. We see tremendous potential in this partnership and look forward to supporting Narwhal as it grows and innovates.”
James Ho, Head of Animoca Ventures
About Narwhal Finance
An innovative approach to social trading is provided by Narwhal, a cross-market decentralized perpetual exchange that allows for leveraged trading of all asset classes using synthetic assets. Trading fees and the success of top traders generate a yield for liquidity providers on Narwhal, making it a profitable prospect for all parties.
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