The decentralized derivatives trading platform KTX.Finance has completed a $4 million seed round financing, led by Hashed

ChainCatcher news, KTX.Finance, a decentralized derivatives trading platform in the BNB Chain ecosystem headquartered in Singapore, has completed a $4 million seed round financing. This round was led by Hashed, with participation from AlphaLab Capital, CRIT Ventures, 100&100 Ventures, Trinito Corporation / Morpheus, GSG Asset, KuCoin Ventures, Clapper Ventures, Sky9 Capital, Lapin Digital, and NexGen Venture. The funds raised will be used to expand operations and business scope.

KTX.Finance is an on-chain decentralized derivatives trading protocol operated by Alphamesh and incubated by ByteTrade Lab, a Web3 infrastructure and venture capital firm based in Singapore. KTX enables traders to trade against the KLP pool, which is a multi-asset liquidity pool composed of 50% stablecoins and 50% blue-chip crypto assets (such as BTC, ETH, BNB).