UXUY Closes $7 Million Pre-Series A Round with Binance Labs and Bitcoin Magazine

9th May 2024 - UXUY, the next generation decentralized multi-chain trading platform which is incubated by Binance Labs, has completed a $7 million Pre-Series A round of financing participated by Binance Labs, UTXO Management (Bitcoin Magazine), JDI Ventures, Bixin Ventures, SWC Global, Comma3 Venture, CMS Holdings, Matrix Partners, Satoshi Labs, Dewhales Capital, YBB Capital, GBV Capital, Web3Vision, Pentos Ventures, Absoluta Digital, PAKA, DefinanceX, Dreamlabs, Greythorn Asset Management, NGC Ventures, Metalpha, GSR From Asia, North America and Europe and other institutions.
Currently, UXUY's total financing amount has exceeded $10 million.
This round of financing will be used to build the infrastructure of the Bitcoin ecosystem, which is committed to promoting the efficient and low-cost trading of assets such as Lightning Network Taproot Assets, Ordinals BRC-20 and Runes."This significant milestone not only validates the strength of our vision but also reaffirms investor confidence in our ability to drive innovation in the decentralized trading space" said Jordan, co-founder of UXUY.