World’s main DeFi and CeFi aggregator OpenOcean publicizes strategic funding by Huobi Ventures

by blockchainnews

Tortola, British Virgin Islands., fifth July, 2021,

OpenOcean, a pioneering full aggregator that helps interoperability throughout a number of networks, is happy to announce a strategic funding by Huobi Ventures Blockchain Fund. 

Following the funding, OpenOcean will work carefully with the Huobi Global ecosystem to deliver extra modern options connecting DeFi and CeFi. The new options will profit customers by means of increased capital efficiencies and income from enhanced buying and selling methods.

The Huobi funding comes on the heels of OpenOcean surpassing 200,000 energetic distinctive addresses with over 730,000 complete transactions approximating $2 billion USDT in cumulative transaction quantity since its launch in Q3, 2020.

Huobi Ventures is a subsidiary of Huobi Group, the world’s main blockchain firm, that helps modern blockchain tasks by means of long-term strategic investments.

In March 2021, OpenOcean had raised $2 million from a bunch of buyers led by Binance. Multicoin Capital, CMS Holdings, Kenetic, MarketAcross, LD Capital and Altonomy participated in that spherical. 

Commenting on the strategic funding, OpenOcean co-founder Cindy stated: “Leading exchanges that are building in both DeFi and CeFi are investing in OpenOcean because of the value we bring as the first aggregator that connects these two previously isolated worlds. We now have, what we believe is, the best possible group of investors supporting us to facilitate our innovative products and ecosystem development.”

OpenOcean has efficiently aggregated main DEXes on BSC, ETH, ETH Layer2, TRON and SOL . It can be within the means of integrating extra DeFi protocols together with Polygon. 

Further down the highway, OpenOcean can be providing derivatives, lending and insurance coverage, mixed margin merchandise, yield merchandise, and clever wealth administration companies. 

About OpenOcean

OpenOcean is a one-stop full chain aggregation protocol that acts as a bridge between DeFi and CeFi. It eliminates the fragmentation that exists throughout the DeFi ecosystem by giving customers entry to all the crypto market by way of a single, user-friendly interface. Users get pleasure from full entry to aggregated liquidity and greatest pricing from a variety of centralized and decentralized exchanges.

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  • Phoebe

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