GammaX has raised $4 million to launch a crypto derivatives exchange on its Etheruem Layer-2 solution.
A Singapore-based company launching a new high-performance hybrid crypto derivatives exchange has announced the completion of a $4 million seed round, with support from zero-knowledge technology developer StarkWare and liquidity provider Dexterity Capital.
GammaX Will Incorporate the Features of Both Centralized and Decentralized Exchanges in its New Exchange
Defi Das, the anonymous co-founder of GammaX, made a statement after the investment round, which collected $ 4 million for the new stock market studies.
Defi Das said:
“Our mission is to create the world’s fastest, most complete, easiest to use and most responsive exchange for investors. To achieve this, we blend the best of both centralized and decentralized exchanges.”
Also, DeFi Das added:
“What we have heard is that many of the exchanges available in our industry fall short in several areas when it comes to a top-notch user experience.”
To better serve users, GammaX says the platform’s order book and matching engine are kept off-chain for lower latency. In addition, he says that the payment and storage of user funds is done on-chain via smart contracts.
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