"Our mission is to build the best infrastructure for exchanges," Jog said, adding that the blockchain also has projects building games, NFT marketplaces and rollups. "It’s not just DeFi, but other applications that derive demand from trading."
The company came to an agreement with investors, according to eToro, that the investment would be converted two years after the signing of the agreement based on the following conditions: that it had not pursued the SPAC transaction or raised any additional capital.
Tensor, a Solana-centric NFT trading platform, has raised $3 million in a seed round led by Placeholder, the team exclusively shared with journalist. Solana is the third largest blockchain for NFTs by sales volume with over $3.7 billion in sales all-time, according to data on NFT aggregator CryptoSlam.
Of course, Robinhood also warned of risks in extended-hours trading, but noted the additional hours would give customers the ability to trade based on quarterly earnings announcements made after the market closes, as well as based on activity taking place in foreign markets.
Toyosaki, who also headed up marketing at Bitcoin.com, told journalist in an interview that many of the strategies available to crypto derivatives traders today are fairly risky, a motivating factor behind why she founded Cega, which she says is the first-ever DeFi exotic derivatives protocol. Now, Cega, a new protocol founded by former UBS derivatives trader Arisa Toyosaki, is setting out to create a new category within DeFi — exotic derivatives.
This time, Valar Ventures is leading the Series A with other existing investors Singular, Global Founders Capital and Red Sea Ventures putting more money in the company. In particular, Shares wants to make stock trading more accessible from a financial point of view and less daunting thanks to social features.