TLDR:
- Uxuy, a decentralized multi-chain trading platform based in Singapore, raised $7M in Pre-A funding.
- Backers included Binance Labs, UTXO Management, JDI Ventures, and others from across Asia, North America, and Europe.
Uxuy, a Singapore-based decentralized multi-chain trading platform, has successfully raised $7M in Pre-A funding. The funding round saw participation from prominent backers such as Binance Labs, UTXO Management (Bitcoin Magazine), JDI Ventures, Bixin Ventures, and several others from Asia, North America, and Europe. The company plans to utilize the funds to enhance the efficiency and reduce the cost of transactions involving assets like lightning network taproot assets, ordinals BRC-20, and runes.
Uxuy, incubated by Binance Labs, is dedicated to providing users with a seamless trading experience across different blockchain networks. The platform aims to promote efficient and low-cost transactions for various assets, catering to a global audience. With the support of key investors, Uxuy is poised to revolutionize the decentralized trading landscape, offering a secure and user-friendly environment for traders in the digital asset market.
