CHICAGO–(COMMERCIAL THREAD) –Finances of domination, a decentralized, non-custodial exchange for dominance pairs, announced the successful completion of a $ 3.2 million round of funding involving top investors in the blockchain and cryptocurrency space. The company’s now operational platform allows users to trade Bitcoin Dominance (BTCDOM), Ethereum Dominance (ETHDOM) and Tether Dominance (USDTDOM) in a way that was not previously available, with the aim of providing global users with sufficient liquidity, low latency and price accuracy.
Directed by ParaFi Capital, an alternative investment firm focused on blockchain and decentralized financial markets, the roundtable included investors such as Dragonfly capital, AU21, Shima capital, LD Capital, Huobi Enterprises, OKEx BlockdreamVentures, KNS Group, RSG, CoinGecko and an impressive list of angel investors.
“Most traders today do not have the capacity to directly expose themselves to the ‘dominance’ of Bitcoin, Ethereum and other assets despite the constant changes in trend in this nascent market,” said Nick Chong, Investment Analyst at ParaFi Capital. “Domination Finance addresses this issue in a very user-friendly and efficient manner, and we are delighted to partner with them as they seek to provide native DeFi users with unauthorized access to Dominance Pairs. ”
The raised capital will be used to expand the services offered on DomFi’s platform, which tracks the price of bitcoin against the price of altcoins using data provided by CoinGecko. Built on the Universal Market Access Protocol (UMA), Domination’s user-centric interface allows retail traders not only to analyze changes in relative coin prices, but also to trade on global dominance. market of Bitcoin, Ethereum and Tether as easily as with Twitter.
“The idea here is simple – to satisfy a huge demand among crypto traders which was created in large part because the market lacked smoothly functioning decentralized platforms like the one we created. key service in providing this popular trading functionality to a global market with a rapidly growing number of potential users, ”said Adrian Kolody, co-founder of Domination Finance.
“Domination Finance is honored to be supported by such a distinguished group of funders,” said Michal Cymbalisty, co-founder of Domination Finance. “These industry-leading funds that support us have a proven track record of excellence and are also among the earliest to invest in DeFi.
To start trading, visit domination.finance.
About Domination Finance:
Domination Finance is the first decentralized exchange for trading dominance pairs. Built on the Universal Market Access (UMA) protocol, Domination Finance’s user-friendly desktop and mobile interfaces allow users to speculate on dominance pairs and earn trading fees by providing liquidity. To learn more, visit info.domination.finance.