• Narwhal Finance, a decentralized cross-market perpetual trading platform built on BNB Chain and Arbitrum, announced a $1 million seed round funding led by Animoca Ventures.
• The platform enables users to engage in leveraged trading across an extensive array of pairs including crypto, forex, indexes and stocks with up to 1000x leverage.
• Narwhal Finance combines the best of DEX experience and social trading to offer users full transparency, confidence and an effortless trading experience.
Narwhal Finance Secures $1M Seed Funding
Narwhal Finance recently secured a seed funding round worth $1 million USD led by Animoca Ventures, with participation from Hailstone Ventures and other angel investors. This funding will enable the decentralized cross-market perpetual trading platform to execute its vision of offering an exceptional user experience.
Platform Technology
Built on BNB Chain and Arbitrum, Narwhal Finance empowers users to engage in leveraged trading across an extensive array of pairs including crypto, forex, indexes and stocks with up to 1000x leverage. Furthermore, it offers copy trading capabilities for users who wish to follow top traders without having substantial market knowledge.
Unique Features
Narwhal Finance provides unique features such as full transparency through its DEX experience combined with social trading capabilities that offer users confidence in their trades as well as an effortless experience overall. The platform also provides liquidity providers with the opportunity to earn a yield from both trading fees and top traders‘ performances — making it a profitable venture for all parties involved.
Investor Perspective
Animoca Ventures is excited about supporting Narwhal’s journey towards revolutionizing decentralized leveraged trading due to its innovative technology that can potentially disrupt the space. James Ho (Head of Animoca Ventures) expressed his enthusiasm on their partnership while looking forward to supporting Narwhal’s growth moving forward.
About Narwhal Finance
Narwhal Finance is a cross-market decentralized perpetual exchange that offers leveraged trading of all asset classes through synthetic assets while providing liquidity providers with multiple income opportunities within the same ecosystem – making it one of the most promising projects out there today.