Decentralized exchange CVEX has completed a seed and seed round financing of $7 million, led by FABRIC VENTURES and KYBER CAPITAL CRYPTO FUND. Other participants include AMDAX, WAVE DIGITAL, FUNFAIR VENTURES, SEIER CAPITAL FAMILY OFFICE, FIVE T GROUP, and SAXON. The funds will be used to launch the mainnet of the decentralized exchange (DEX) this summer, which will be launched on ARBITRUM and support user wallets on Ethereum, OPTIMISM, BASE, and SOLANA. Collateral deposits on CVEX are denominated in USDC.

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<p>Shenzhen-based TechFlow has announced that decentralized exchange CVEX has completed a $7 million seed and seed round of financing. The round was led by Fabric Ventures and Kyber Capital Crypto Fund, with participation from AMDAX, Wave Digital, Funfair Ventures, Seier Capital Family Office, Five T Group, and Saxon.</p>
<p>The funds will be used to launch the mainnet of the decentralized exchange (DEX) this summer. The DEX's mainnet will have enhanced trading capabilities and will be launched on Arbitrum, supporting user wallets on Ethereum, Optimism, BASE, and Solana. Collateral deposits on CVEX will be denominated in USDC.</p>
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The decentralized exchange CVEX has completed a $7 million financing round, led by FABRIC VENTURES and others.