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HomeDeFiCrypto Platform Unizen to Expand its Operations After Raising $200 Million

Crypto Platform Unizen to Expand its Operations After Raising $200 Million

The Liechtenstein-based cryptocurrency commerce – Unizen – secured a $200 million funding to velocity up its enchancment in fairly just a few fields. The fundraiser was led by the funding administration massive Global Emerging Markets (GEM).

Unizen is Looking Towards a Rapid Expansion

In a present announcement, the shopping for and promoting venue vowed to make use of the multi-million financing to broaden the dimensions of its group, improve its commerce aggregation ecosystem, and bolster the Innovation and Marketing pipeline.

The upcoming enchancment will flip Unizen into the first centralized, decentralized finance (CeDeFi) commerce for merging the use-cases of first-party and third-party CEXs and DEXs. Thus, it is anticipated that it is going to fulfill the needs of every institutional and retail retailers.

Unizen runs on the BNB Chain (beforehand typically referred to as Binance Smart Chain) and targets to uncover most likely probably the most cost-efficient trades and best decisions all through numerous frequent cryptocurrency platforms, along with Binance.

The Liechtenstein-based commerce moreover touched upon GEM, arguing that the $3.4 billion numerous funding group decided to lead the financing on account of it believes companies like Unizen will symbolize the best way ahead for the financial world. Speaking on the matter was Sean Noga – CEO of the platform:

“We are proud to welcome GEM to the Unizen Ecosystem as a potent and strategically aligned growth partner that can support the rapid expansion of the Unizen platform, brand, and community.”

It is worth noting that the commerce has an incubator program generally known as ZenX Labs. The latter helps decentralized duties by providing them with technical expertise and administration choices.

The native token of Unizen is known as ZCX, which in the mean time trades at spherical $0.50. The coin is in the marketplace on foremost exchanges, along with BitMart, Uniswap, and KuCoin.

Some of the Latest Fundraisers

Earlier this month, the US-based cryptocurrency platform – FalconX – secured a $150 million funding, boosting the company’s valuation to $8 billion. The funding spherical was led by excellent patrons, corresponding to GIC, B Capital, Thoma Bravo, Tiger Global Management, and Wellington Management.

FalconX talked about it’s going to use the funds to hire 55 additional workers and thus, improve its full workforce by 30%. This might presumably be thought-about a stunning switch since numerous exchanges like Coinbase, Bybit, and CryptoCom disclosed they will lay off just a few of their staff due to the macroeconomic conditions and the persevering with “crypto winter.”

Prior to that, the Australian NFT scaling platform – Immutable – raised $500 million, which can most likely be distributed to firms creating the Web3 ecosystem and non-fungible token (NFT) duties.


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