Crypto News – IMMIX, a cryptocurrency startup with a center in London, has raised US$2.7 million in a seed round headed by MassMutual Ventures (MMV). Ripple, a leading global supplier of payment and blockchain technology, is among the participants in the round.
Web3 Trading Startup IMMIX Completes $2.7 Million Funding Round for New Marketplace
The funds will be utilized to enhance IMMIX’s market-making product execution capabilities and trading platform development.
We believe that a new approach to institutional crypto-asset trading infrastructure is required to unlock mass institutional adoption. With the support from our investors in this Seed round, we at IMMIX are strongly positioned to continue enabling new scalability for institutional trading activities across the entire Web3 ecosystem.
Andrew Mann, Co-Founder of IMMIX
For institutional investors who need greater control and province over their trading activity, the IMMIX platform may self-host and offer users a significant latency advantage. Compared to conventional crypto Execution Management Systems (EMS), investors receive a Web3 trading service that is up to 30 times faster and cheaper.
Fuelled by their next-generation financial technologies, IMMIX is tackling the critical challenges for institutional Web3 trading caused by restrictive and high-cost infrastructure. It gives those working in a dynamic and fast-moving market a competitive advantage. We are excited to see the launch of IMMIX and look forward to working closely with Andrew and David,
Ryan Collins, Managing Partner at MassMutual Ventures
About IMMIX
IMMIX was founded in 2019 as a cryptocurrency hedge fund, but its founders, Andrew Mann, and David Twomey, discovered that many market players were struggling with pricey, constrained, and slow trading platforms. As a result, IMMIX changed its emphasis.
IMMIX markets itself as a less expensive alternative to the conventional crypto EMS that is up to 30x faster. Additionally, it enables self-hosting, which gives users more power and control over their trading activities.
Leave a comment