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Crypto change AscendEX closes $50M Sequence B led by Polychain Capital and Hack VC » CryptoNinjas

Written by James Smith

AscendEX, a cryptocurrency exchange platform, has introduced the shut of a $50 million Sequence B increase led by Polychain Capital and Hack VC, with participation from Leap Capital and Alameda Analysis, in addition to Uncorrelated Ventures, Eterna Capital, Acheron Buying and selling, Nothing Analysis, and Palm Drive Capital. Imperii Companions served because the monetary advisor to AscendEX in help of the Sequence B fundraise course of.

Launched beneath the title ‘BitMax’ in July 2018, AscendEX gives change, custody, and staking providers. Additional, AscendEX has positioned itself as an infrastructure companion to blockchain corporations within the decentralized finance (DeFi) sector and operates as a validator and yield farming portal.

“AscendEX plans to make use of the Sequence B funds to speed up worldwide market entry, and catalyze additional product innovation, particularly targeted on blockchain-based yield producing protocols. Constructing a bridge to the DeFi ecosystem has allowed AscendEX to distinguish itself from different cryptocurrency exchanges and has made the platform a well-liked vacation spot for progressive DeFi tasks to conduct preliminary change choices (IEOs).”
-Shane Molidor, Global Head of Business Development at AscendEX

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