Decentralized Rails Introduced as Alternative to FTX by Ex-Grindr Exec and Married Pair
Thursday, 21 March 2024, 16:00
Former Grindr Executive and a Married Couple Launch Rails with $6.2M Funding Round
Rails, a decentralized crypto exchange, has raised $6.2 million in funding to address the gap left by the crash of FTX in 2022.
Highlights:
- Former Grindr executive and married couple spearhead the initiative.
- Initial funding of $6.2 million gained traction in the cryptocurrency industry.
The startup intends to provide a decentralized alternative to FTX, the post-crash scenario.
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