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DEX Aggregator 1inch Raises $2.8 Million From Binance-Led Seed Funding Round

Lily Yang

Summary: Decentralized exchanges (DEX) aggregator 1 inch has raised $2.8 million in seed funding led by Binance Labs, as reported by The Blocks.  FTX, Galaxy Digital, Dragnofly Capital, and others participated in the round, with Kyber Network founder Loi Luu and NEAR Protocol co-founder Illia Polosukhin backing as well.  1inch, launched in May 2019, is a ...

Decentralized exchanges (DEX) aggregator 1 inch has raised $2.8 million in seed funding led by Binance Labs, as reported by The Blocks. 

FTX, Galaxy Digital, Dragnofly Capital, and others participated in the round, with Kyber Network founder Loi Luu and NEAR Protocol co-founder Illia Polosukhin backing as well. 

1inch, launched in May 2019, is a DEX liquidity aggregator with the aim of helping users to execute trades at better prices by reducing slippage rates or differences between expected price and execution price.

By Lily Yang

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Link: DEX Aggregator 1inch Raises $2.8 Million From Binance-Led Seed Funding Round   [Copy]
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