A trading platform for cryptocurrency SFOX has successfully closed a round of Series A financing, which raised $22,7 million. According to a press release of the company dated 16 August, as one of the investors was made by the co-founder of Airbnb Nathan Blecharczyk (Nathan Blecharczyk).
Led the round of funding Arjun Sethi, co-founder and partner in venture companies at Tribe Capital and Social Capital. Also, the fundraiser was attended by representatives of Y Combinator, Khosla Ventures companies, Digital Currency Group, Blockchain, Capital, and the aforementioned Blecharczyk.
In a press release it is noted that the platform SFOX is designed for large investors: funds, family offices and individuals with large net worth. To date, the total amount of processed transactions on the exchange reaches $9 billion. Sethi said that due to the possibility to trade with one account, and do a large volume of transactions without affecting the price of the cryptocurrency, the platform will attract institutional investors and make the ecosystem more fragmented.
All the money collected CryptoStream will spend to add to the site new currency pairs to improve the liquidity for trading operations and to expand the business geographically.
Also this week, a round of financing completed by the company Axoni. She raised $32 million from investment Bank Goldman Sachs financial holding company JPMorgan and other investors. The startup will deal with the integration of blockchain solutions in the traditional sector of the economy.