Decentralized exchange CVEX has successfully raised $7 million in preparation for its mainnet launch later this year. The funding, secured through pre-seed and seed rounds, was co-led by Fabric Ventures and Kyber Capital Crypto Fund, with additional contributions from AMDAX, Wave Digital, FunFair Ventures, Seier Capital Family Office, Five T Group, and Saxon. The capital will be used to support the launch of the decentralized exchange's (DEX) mainnet this summer. CVEX aims to revolutionize the trading of derivatives by offering transparent and cost-effective futures and options trading to crypto holders. The platform, which will launch on Arbitrum, promises no funding fees for futures trading with leverage and will support user wallets across Ethereum, Optimism, Base, and Solana. Collateral deposits on CVEX are denominated in Circle’s USD Coin ($USDC).