1inch, a decentralized exchange (DEX), announced that it has raised $175 million as part of its Series B funding round.
worldwide operating global crypto finance provider About the participants in the finance event led by Amber Group 50 investors Among them are major companies such as Jane Street, VanEck, Fenbushi Capital, Alameda Research, Celsius, Nexo, Tribe Capital and Gemini Frontier Fund.
Sergej Kunz, the founder of 1inch, said;
While 1inch continues to make its current audience happy by offering state-of-the-art products, it aims to be a gateway for institutions that want to be a part of the DeFi field.
Institutions are ready to participate in decentralized finance (DeFi), but for this we need to work on some pilot projects in the coming years.
said.
Initial investment target 70 million dollars It was determined as the $175 million It is stated that the decision to withdraw has been made.
1inch aims to release the 1inch PRO for corporate companies only.