Self-hosted cryptocurrency trading platform Rails has completed a $6.2 million seed round of financing, with participation from Slow Ventures and others

ChainCatcher news, according to Crowdfundinsider, self-custody cryptocurrency trading platform Rails has announced the completion of a $6.2 million seed round financing, with participation from Slow Ventures, CMCC Global, Round13 Capital, and Quantstamp.

It is reported that Rails uses a centralized order book to drive the execution of optimal trades, and combines a self-custody decentralized solution on the blockchain to achieve transparent fund custody, thereby protecting user funds and gaining user trust, avoiding issues similar to FTX.