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Solana’s Mango Markets DEX Raises $70M in MNGO Token Sale

Amy Liu

Summary: The team behind Mango Markets – a decentralized exchange on the high-speed Solana blockchain – raised $70 million in a token sale Wednesday. Mango offers a trading hub for spot markets, perpetual futures and lending. The sale was closed to U.S. persons, likely in an attempt to stave off the regulatory scrutiny that can hamstring ...

The team behind Mango Markets – a decentralized exchange on the high-speed Solana blockchain – raised $70 million in a token sale Wednesday.

Mango offers a trading hub for spot markets, perpetual futures and lending. The sale was closed to U.S. persons, likely in an attempt to stave off the regulatory scrutiny that can hamstring similar projects. The entirety of Wednesday’s raise will go to DAO’s insurance fund, sources familiar with the raise told CoinDesk. 

By Amy Liu

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