Cryptocurrency options trading company Synquote has completed a $2.8 million seed round financing, led by Initialized Capital

According to Chain Catcher news and reported by CoinDesk, crypto options trading company Synquote announced the completion of a $2.8 million seed round financing, led by Initialized Capital, with participation from AllianceDAO, Coinbase Ventures, CMT Digital, Polygon, and Ryan Selkis. Synquote stated that it plans to use the funds to develop a decentralized derivatives contract trading platform for trading over 500 illiquid tokens, with plans to support these options trading on Polygon, Avalanche, and BNB Chain. (CoinDesk)