Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»TRADING NEWS»Ithaca Finance raises $2.5 million to build an on-chain options protocol.
TRADING NEWS

Ithaca Finance raises $2.5 million to build an on-chain options protocol.

By Crypto FlexsFebruary 1, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ithaca Finance raises .5 million to build an on-chain options protocol.
Share
Facebook Twitter LinkedIn Pinterest Email

Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only.

Ithaca Finance, a decentralized finance (defi) startup building composable options infrastructure, has raised $2.5 million in a pre-seed funding round.

The round was co-led by cryptocurrency trading firm Cumberland and venture capital firm Wintermute Ventures.

Ithaca aims to bring more options trading volume on-chain and meet the growing demand for structured products in the cryptocurrency market.

Now, in Arbitrum testing, the protocol uses an algorithmic market maker model to bootstrap liquidity.

Commenting, Ithaca CEO Dimitrios Kavvathas said:

“We are truly grateful for the support of our investors and look forward to revolutionizing the digital asset options trading landscape with their guidance and partnership.”

Kavvathas previously held leadership roles at Goldman Sachs, Deutsche Bank, and cryptocurrency lender Amber Group. Ithaca’s technology team also has experience in traditional finance and cryptocurrency startups.

Ithaca says that by splitting options contracts into basic building blocks, it can shorten the path to institutional-scale options trading volume across blockchains. Permissionless infrastructure aggregates liquidity and enables risk transfer across assets and time periods.

Following an invitation-only launch, Ithaca plans to release the protocol later in the first quarter of 2024. The funding round also included support from GHAF Capital, Room40 Ventures and several angel investors.

The planned launch comes at a time of recovery after the DeFi decline in 2022. To date, DeFi value locked (TVL) is over $56 billion.

Disclosure: This content is provided by a third party. crypto.news does not endorse any products mentioned on this page. Users must conduct their own investigation before taking any action related to the Company.

Follow us on Google News

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

Why I am still optimistic despite noise

June 26, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 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

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

‘We need to do more than guess’: Ripple CEO questions whether Dogecoin is good for crypto

June 2, 2024

Hong Kong SFC warns cryptocurrency companies HongKongDAO and BitCuped of possible fraud

December 8, 2023

Solana and Matic show growth of over 10% this week. But will it last?

February 3, 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.