Opyn said to raise $6.7m in its Series A

February 5, 2021

Opyn, which enables users to trade options on Ethereum, has reportedly received a $6.7m in its Series A funding round.

Paradigm led the round, with a contribution also coming from previous investor Dragonfly Capital, according to a report from Crypto Briefing.

With this capital, the company hopes to further the development of its gamma protocol and bolster the security of the platform. Furthermore, funds will be used to hire more staff for its research and engineering teams.

Opyn offers consumers the ability to trade options on Ethereum.

Earlier in the week, Casa, which offers a secure location to store Bitcoins, reportedly netted $4m in its seed funding round. The company offers a mobile app to securely store the digital currency.