According to Coindesk, the decentralized futures trading platform Futureswap has raised $12 million from Framework Ventures, Ribbit Capital, True Ventures, and Placeholder. This round of financing was completed through token sales, bringing its total funding raised so far to $13.6 million.

Futureswap also launched its new V4 beta version on the Arbitrum. The first liquidity market that Futureswap will enter is Uniswap v3, which can achieve up to 30 times leverage in any liquidity pool. Futureswap supports perpetual swap transactions, which allow traders to go long or short crypto assets with leverage and no expiry date.

Futureswap V1 was launched in early 2020, with a daily growth of over 150%, and the V2 version was launched in January 2021, with a transaction volume of over $4.2 billion. The team stated that V4 leverages the power of centralized liquidity while protecting liquidity providers from temporary losses.

By Mary Liu