A $15 million Series A round, led by Pantera Capital, has been secured by 0x Labs, the company behind the 0x exchange protocol and a provider of decentralized exchange infrastructure. The Series A equity round for 0x Labs raised $15 million, with Pantera Capital as the round’s lead investor.
The creators of the DEX protocol and the ZRX token, 0x Labs, have raised $15 million in a Series A equity round lead by Pantera Capital.
“We regard 0x Labs as a holistic investment in the DEX sector,” 0x’s Clay Robbins said in a phone call to CoinDesk.
The round also featured investments from Jump Capital, Blockchain Ventures, Coinbase Ventures, and others.
0x’s DEX router, Matcha, was released in June and has since handled $2.7 billion in orders, prompting the latest funding round. Robbins emphasized that spreading Matcha over the world is a top priority.
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0x Labs will utilize the money to expand its Periscope Trading trading desk company, its 0x API professional-grade aggregation service (which powers services like ShapeShift, MetaMask, and Zapper), and its development of the underlying open-source protocol.