Encryption trading platform Tokenize Xchange completes Series A financing of USD 11.5 million

[Encrypted trading platform Tokenize Xchange completes US$11.5 million in Series A financing] On August 12, Singapore-based encrypted trading platform Tokenize Xchange announced the completion of US$11.5 million in Series A financing. The specific financing information has not yet been disclosed. The company is preparing for next year Raised Series B financing at a valuation of US$300 million. And plans to expand to Indonesia and Australia. (Vulcan Post)

Other news:

Polygon entrusts 90 million MATIC tokens to the encryption exchange Bitfinex for pledge: On January 20th, the cryptocurrency exchange Bitfinex announced on Wednesday that it will obtain 90 million MATIC tokens (approximately 190 million US dollars) from Polygon for Bitfinex users Provide higher staking rewards. Cryptographic staking is the process used to verify transactions on the blockchain and secure the network. In Bitfinex’s incentive program, users delegate MATIC to validators running nodes, and in exchange receive rewards similar to interest payments. Users can earn up to 41% annual staking rewards by participating in Bitfinex's staking program on MATIC, and the rewards will be available for a limited time. [2022/1/20 9:01:17]

News | StarkWare claims to be able to solve the security and scalability of encrypted exchanges: Golden Finance reported that StarkWare, a zero-knowledge proof technology development company, claims that it can solve the most pressing problems of encrypted exchanges: the inherent vulnerability and Low trading capacity on decentralized exchanges. Oren Katz, vice president of engineering at Starkware, explained that the company basically provides the scalability engine for the exchange. The exchange saves the order and matches it. The user issues an order to the exchange. The exchange matches the order and sends the order that needs to be settled to Starkware. Starkware puts together a large number of transactions and prepares a complete proof to prove the entire batch. effectiveness. Proofs will be sent to on-chain validators (e.g. every 15 minutes), and once verified, the root state (of all user balances) will be updated on-chain. [2020/2/26]

News | Encrypted exchange Cumberland launches OTC video interactive trading mode: According to Coindesk, the encrypted currency exchange Cumberland is improving the way it conducts OTC transactions with customers. The exchange today announced the launch of a single-dealer platform called Marea, which will allow institutional investors to interact with it via video, whereas previously users could only negotiate trades by phone or voice. [2019/2/20]