SINGAPORE, Sept. 11,
2024 /PRNewswire/ -- HTX Ventures, the global
investment arm of the cryptocurrency exchange HTX, has
announced a strategic investment in BSX Exchange, a
decentralized, non-custodial central limit order book
(CLOB) perpetual decentralized exchange built on
Base.
Since its launch in April, BSX has facilitated over $4.5 billion in trading volume and recently
surpassed $1.3 million in revenue.
Its current offerings include both spot and derivative trading.
With the recent $4 million seed-round
funding, BSX plans to expand its product line further. The platform
boasts a highly performant trading engine with 10ms latency and
1000x leverage.
In the coming months, BSX aims to launch several new projects,
including a spot aggregator, earning products, and staking
products. Additionally, the company plans to introduce a Layer 3
network on Base to optimize the on-chain BSX order book. Looking
ahead, BSX also intends to release its own trading game on Telegram
and an exclusive NFT collection to attract new users to both Base
and BSX.
"BSX operates on top of the Base ecosystem, leveraging its 110
million globally verified users. By providing a strong liquidity
foundation for this ecosystem, BSX is poised for significant
success," commented Edward, Managing Partner at HTX Ventures. "BSX
serves a large traditional finance customer base, and at HTX
Ventures, we are excited to support this Web3 onboarding
journey."
"We're focused on building a key lego block in the
DeFi ecosystem. By launching on
Coinbase's Base L2 we are a key beneficiary of
Coinbase's massive user base moving on-chain to Base
and then to DeFi applications. Our vision is to build
a consolidated platform including BSX Trade, BSX Earn, and BSX
1000." Said BSX Team.
About BSX
BSX is a decentralized derivatives trading
platform built on Base. BSX offers perpetuals trading at 1000x
leverage and also a spot market. The firm is backed by Blockchain
Capital and the Base Ecosystem Fund and is advised by Athur Hayes.
About HTX Ventures
HTX Ventures, the global investment division of HTX, integrates
investment, incubation, and research to identify the best and
brightest teams worldwide. With more than decade-long history as an
industry pioneer, HTX Ventures excels at identifying cutting-edge
technologies and emerging business models within the sector. To
foster growth within the blockchain ecosystem, we provide
comprehensive support to projects, including financing, resources,
and strategic advice.
HTX Ventures currently backs over 300 projects spanning multiple
blockchain sectors, with select high-quality initiatives already
trading on the HTX exchange. Furthermore, as one of the most active
FOF (Fund of Funds) funds, HTX Ventures invests in 30 top global
funds and collaborates with leading blockchain funds such as
Polychain, Dragonfly, Bankless, Gitcoin, Figment, Nomad, Animoca,
and Hack VC to jointly build a blockchain ecosystem. Visit us
here.
Feel free to contact us for investment and collaboration
at VC@htx-inc.com
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SOURCE HTX