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Decentralized derivatives trading platform BBO EXCHANGE (BBOX) has completed a pre-seed funding round of 2.7 million USD.

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ForesightNews
414Words
Jan 30, 2024

Decentralized derivative trading platform BBO EXCHANGE (BBOX) has completed a $2.7 million pre-seed financing round, with HASHED and ARRINGTON CAPITAL leading the investment. Other participants include CONSENSYS, CMS HOLDINGS, FLOW TRADERS, MANIFOLD TRADING, MASK NETWORK, LASER DIGITAL (NOMURA GROUP), ARCANE GROUP, DRAPER DRAGON, VESSEL CAPITAL, AULIS VENTURE, FORMLESS CAPITAL, PRESS START CAPITAL, ONE PIECE LABS, KEONE HON, and HONBO TANG. BBOX has now launched its testnet registration. BBOX was one of the 12 projects in the 6th batch of the BINANCE LABS incubator. It solves the problem of oracle price delays through an auction mechanism, and its BBOX AMM introduces multi-asset support and a market signal-based dynamic management system, aiming to provide higher capital utilization efficiency and income for on-chain traders and liquidity providers.

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