Unizen Exchange, a crypto exchange ecosystem, has bagged $200m in a funding round led by private equity firm Global Emerging Markets (GEM).
The capital will help Unizen expand its organisation, bolster its innovation and marketing pipeline and accelerate execution of the trade aggregation ecosystem.
Unizen is preparing to implement trade aggregation modules, which will make it the first CeDeFi (centralized decentralized finance) Exchange to combine the functionality of first-party and third-party CEX’s and DEX’s, meeting the needs of both retail and institutional traders.
The Unizen Exchange helps to find the most cost-efficient trades across a multitude of exchange modules, including Binance, to give the best offers, reliable performance and secure environment for high-volume trading.
GEM, which has backed over 530 companies in 70 countries, picked Unizen with an aim of having a hand in technology that “will shape the future of finance.”
Speaking on the deal Unizen CEO Sean Noga said, “We are proud to welcome GEM to the Unizen Ecosystem as a potent and strategically aligned growth partner that can support the rapid expansion of the Unizen platform, brand and community.”
Cryptocurrency trading infrastructure developer Flowdesk recently netted $30m in a funding round this week. The France-based company was founded in 2020.
Copyright © 2022 FinTech Global
