GammaX, a Singapore-based company building a new high-performance hybrid crypto derivatives exchange, announced the closure of a $4 million seed round, backed by the likes of StarkWare, the developer of zero-knowledge proof technology, and liquidity provider Dexterity Capital.
Other investors in the round include Alphanonce, Cobo, Genesis Trading, Kyber, Ledger Prime, Matrixport, Profluent, Uncorrelated, and 01Node, GammaX said in an announcement shared with Decrypt.
“Our mission is to create the world’s fastest, most complete, easiest to use, and most responsive exchange available to traders,” Defi Das, the anonymous co-founder of GammaX, said in a statement. “In order to achieve that, we are blending the best aspects of both centralized and decentralized exchanges.”
Over the past months, GammaX has been interviewing “hundreds of traders around the world […] to learn what they want in a next-generation perpetual futures exchange,” said the GammaX co-founder.
“What we are hearing is...
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