Denmark, Copenhagen, March 24, 2023, Chainwire
Narwhal Finance Secures $1M Seed Funding Led by Animoca Ventures
Narwhal Finance, the decentralized cross-market perpetual trading platform built on BNB Chain and Arbitrum, announced a $1 million seed funding round led by Animoca Ventures, with participation from Hailstone Ventures and various angel investors.
Narwhal Finance allows users to engage in leveraged trades on a wide range of pairs, including crypto, forex, indices, and stocks, with leverages of up to 1000x. With its copy trading feature, users can seamlessly follow top traders, earn substantial profits even with limited market knowledge, and enjoy an exceptional trading experience.
With a vision to become the #1 decentralized cross-market trading platform, Narwhal Finance combines the best of DEX experience and social trading to provide users with transparency, trust and an effortless trading experience.
“We are delighted to have received such strong support from our investors in this seed funding round,” said Coco, Lead Developer at Narwhal Finance. “This funding will enable us to execute our vision of providing an exceptional decentralized leveraged trading platform accessible to everyone. We are grateful for the opportunity to bring our innovative solution to market and are excited that the future holds for us.
As a leading investor in the blockchain industry, Animoca Ventures recognizes Narwhal’s potential to disrupt the decentralized perpetual space. “We are thrilled to support Narwhal Finance’s journey to revolutionize decentralized leveraged trading,” said James Ho, Head of Animoca Ventures. “We believe the team’s expertise, combined with the platform’s innovative technology, has the potential to disrupt the decentralized perpetual trading space. We see tremendous potential in this partnership and look forward to supporting Narwhal Finance as we go forward. that it grows and innovates.
About Narwhal Finance
Narwhal Finance is a decentralized cross-market perpetual exchange that offers a unique solution for social trading by enabling leveraged trading of all asset classes through synthetic assets. The liquidity providers on Narwhal derive a return from trading fees and the performance of top traders, making it a profitable opportunity for all parties involved.
For more information or media inquiries, please contact marketing@narwhal.finance.
Contact
Narwhal marketing
marketing@narwhal.finance