DeFi exchange dYdX raises $65M in Series C fundraiser

Cointelegraph

Published Jun 15, 2021 02:00PM ET

Updated Jun 15, 2021 03:40PM ET

Venture firms from across the blockchain industry have thrown their weight behind decentralized exchange developer dYdX, offering further evidence that investors are eyeing a further expansion of the decentralized finance (DeFi) ecosystem.

The Series C round generated $65 million in direct funding for dYdX, with venture fund Paradigm leading the raise. HaskKey, Electric Capital, Delphi Digital and others also participated in the raise.

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