Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»EXCHANGE NEWS»Crypto Veterans has secured $28 million in a funding round for its Arbelos marketplace led by Dragonfly.
EXCHANGE NEWS

Crypto Veterans has secured $28 million in a funding round for its Arbelos marketplace led by Dragonfly.

By Crypto FlexsMay 8, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Crypto Veterans has secured  million in a funding round for its Arbelos marketplace led by Dragonfly.
Share
Facebook Twitter LinkedIn Pinterest Email

Arbelos currently operates overseas through the British Virgin Islands. The company is also seeking regulatory licenses from financial authorities in the region to allow it to operate without restrictions while complying with local laws.

Joshua Lim and Shiliang Tang, cryptocurrency veterans who previously worked at Circle Financials and LedgerPrime, a digital asset hedge fund acquired by FTX before its collapse in November 2022, successfully raised $28 million in a funding round led by Dragonfly Capital. . It is the best investment company in the industry.

Other big names in the industry also participated in the round, including their former employers, according to a Fortune report Wednesday, citing an interview with the duo. These companies are FalconX, Circle, Paxos, Polygon, and Deribit.

Open new horizons with Arbelos Markets

The two cryptocurrency veterans plan to use the funds to launch a digital asset trading platform known as Arbelos Markets. The company will officially debut in the third quarter of 2023, but has been shrouded in secrecy until now.

However, with its latest round of funding, Arbelos plans to expand its services to facilitate the buying and selling of cryptocurrency digital assets. Once complete, the platform will specialize in derivatives trading and provide liquidity to customers.

The move aims to position the company to compete directly with companies such as Jane Street Capital and Cumberland, which are affiliates of DRW.

Lim and Tang told Fortune that the platform is committed to protecting investor interests through a robust risk management infrastructure. Building on past market turmoil, Arbelos aims to avoid the pitfalls that befell big names like Three Arrows Capital (3AC) and FTX during the 2022 market downturn.

“As cryptocurrencies grow into a global asset class, there is a need for sophisticated fundamental risk dealers who can broker transactions. We hope to be able to provide the infrastructure for this,” Lim said.

Advocate for transparency and compliance

According to a report in Fortune, Arbelos will only serve institutional players that provide derivatives and over-the-counter services to investors.

Lim and Tang said the platform would focus on building a “transparency engine” to address transparency issues in emerging economies. The tool leverages on-chain capabilities to provide customers with valuable insights, including portfolio composition. Users can also track their assets to know where their funds are and access the platform’s risk profile.

The company has a small staff of 12, most of whom are in engineering. These employees have quantitative trading experience.

Arbelos currently operates overseas through the British Virgin Islands. The company is also seeking regulatory licenses from financial authorities in the region to allow it to operate without restrictions while complying with local laws. The cryptocurrency derivatives platform will not be accessible to U.S. traders at launch due to regulatory uncertainty in that region. To date, the company has achieved an impressive $25 billion in notional trading volume since its soft launch in 2023.

next

Altcoin news, cryptocurrency news, news

thank you!

You have successfully joined our subscriber list.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Price Posts for 5 consecutive August losses: Will Michael Saylor react?

August 31, 2025

Pudgy Penguins

August 28, 2025

Will Cardano (ADA) step back and push the bear back low?

August 22, 2025
Add A Comment

Comments are closed.

Recent Posts

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025

Meme Coin Little Pepe Raises Above $24M In Presale With Over 39,000 Holders

September 2, 2025

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Duration Of The Process And Important Nuances

September 2, 2025

PrimeXBT Launches “Empowering Traders To Succeed” Campaign, Leading A New Era Of Trading

September 2, 2025

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025
Most Popular

Ethereum’s double whammy: price collapse, exchange supply depletion

June 20, 2024

Bernstein rates Bitcoin miners Riot, CleanSpark, IREN and Core Scientific as ‘outperform’

August 17, 2024

Bitcoin price rise through $68K adds strength to SOL, DOGE, RUNE and BGB.

October 27, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.