Crypto startup LI.FI completes $29 million funding, led by Multicoin and CoinFund

According to Fortune, cryptocurrency startup LI.FI announced the completion of a $29 million funding round, led by Multicoin and CoinFund, bringing its total funding to $52 million.

The company provides cross-blockchain price comparison and transaction path optimization services for fintech companies, helping businesses efficiently transfer assets across different blockchains. LI.FI has established relationships with over 800 partners, including Robinhood, Binance, and Kraken, with a monthly trading volume of $8 billion. The company plans to use the new funds to expand its business into areas such as perpetual futures, yield opportunities, and lending markets, as well as to increase its workforce.