BBOX Raises $2.7M in Pre-Seed Funding for Decentralized Derivative Trading
BBO Exchange (BBOX), a decentralized derivative trading platform, has closed its pre-seed funding round with $2.7 million in capital. The funding round was co-led by venture funds Hashed and Arrington Capital, with participation from Consensys, CMS Holdings, Flow Traders, and others. BBOX aims to augment the DeFi space through its unique strategy in decentralized derivative trading, with a signal-driven dynamic distribution Automated Market Maker (AMM) and an auction mechanism that leverages the inherent latency in Oracle price updates. The platform is also preparing to introduce its signal-driven AMM on Linea, a zkEVM Layer 2 Network designed for scaling Ethereum decentralized applications.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
DAC Platform and Fomoin Partner to Gamify Web3 Engagement and Rewards
Andreessen Horowitz’s Crypto Unit (a16z) Purchases $55M in ZRO Tokens
Bitcoin ETF has a net inflow of 1,147 BTC today, while Ethereum ETF has a net outflow of 3,775 ETH
Trending news
MoreCrypto prices
More








