Decentralized exchange Mangrove completes $7.4 million Series A funding, led by Cumberland and Greenfield Capital

ChainCatcher news, the decentralized exchange Mangrove has completed a $7.4 million Series A funding round, led by Cumberland and Greenfield Capital, with participation from CMT and Gumi Crypto Capital.

It is reported that Mangrove aims to establish its order book-based decentralized exchange by providing liquidity through its "quote-as-code" approach. Mangrove will first launch on Polygon and then expand to multiple Ethereum Virtual Machine (EVM) compatible chains. Mangrove completed a $2.7 million seed funding round in 2021, with participation from Wintermute Ventures and QCP. (The Block)