ApolloX picks up seed round for its decentralised crypto exchange

Decentralised crypto exchange ApolloX has raised its seed round on an undisclosed amount.

The round was supported by Binance Labs, Kronos Research, Lingfeng Capital, SafePal, TokenPocket, 3Commas and LUX Capital.

This strategic funding will help ApolloX to exnad its current product and build new product lines in the ecosystem, including spot trading, predict-to-earn and DEX-as-a-service.

It launched in September 2021 and reached $158.87bn in trading volume by May 2022.

The company believes the DAO will help eliminate centralised leadership and empower the next generation of protocols to bring blockchain innovation to greater heights.

Over the coming year, ApolloX will execute its roadmap and improve the level of decentralisation. It also hopes to expand its strong network of partners with platforms and companies, including CoinMarketCap, PancakeSwap, and Banxa Holdings.

Earlier in the week, Data infrastructure solution Vybe Network has closed its Series A investment round on $10.5m.

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