Infinex Raises $65.3M to Develop Decentralized CEX on Thu 26 Sep

Sep 26, 2024, 11:06 AM

Infinex has successfully raised $65.3 million in a recent funding round. The funding round saw participation from notable investors including Bankless VC, NEAR Foundation, Solana Ventures, Breyer Capital, Moonrock Capital, Bodhi Ventures, Reinventure Fund, Wintermute, hiFramework, EVG HQ, Variant Fund, and Eden Block. The funds will be used to develop a decentralized alternative to centralized exchanges (CEX). The sale structure of this funding round has been described as one of the fairest the market has seen in years. The funding round, which raised $65M, was completed on Thu 26 Sep.