Decentralized derivatives trading protocol Variational has successfully closed a $50 million Series A funding round, spearheaded by Dragonfly Capital. The round also saw participation from Bain Capital Crypto, Coinbase Ventures, and other investors. This follows a previous seed round where Variational raised $10.3 million, led by Bain Capital Crypto.
Based in the Cayman Islands, Variational focuses on aggregating liquidity from major crypto exchanges and traditional financial market makers. The protocol aims to facilitate on-chain derivatives trading for real-world assets, including oil and commodities, targeting traditional markets such as the CME.
Variational Secures $50M in Series A Funding Led by Dragonfly Capital
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.