Ellipsis Labs Raises $20 Million to Accelerate Phoenix Decentralized Spot Exchange
Thursday, 4 April 2024, 11:00
Ellipsis Labs Secures $20 Million Series A Funding
Ellipsis Labs, with Paradigm's backing, disclosed securing $20 million in Series A funding to further develop its decentralized spot exchange platform, named Phoenix.
Key Points:
- Investment: $20 million in Series A funding led by Paradigm.
- Purpose: Accelerate growth and innovation of Phoenix crypto exchange.
- Impact: Signifies confidence in Ellipsis Labs and DeFi ecosystem.
The funding will bolster Ellipsis Labs' efforts to expand Phoenix's capabilities and solidify its position in the competitive DeFi market.
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