1inch DEX Raises $2.8M

1inch DEX Raises $2.8M

By Abhimanyu Krishnan | News | 13 Aug 2020


On August 11, DEX aggregator platform 1inch announced that it had raised $2.8 million in its first round of investment, which included participation from Binance Labs, Galaxy Digital and institutional investors.

  • Led by Binance Labs, investors include institutional investors, Galaxy Digital, Greenfield One, Libertus Capital, Dragonfly Capital, FTX, Kyber Network (KNC) founder Loi Luu, and NEAR Protocol co-founder Illia Polosukhin, among others
  • Funds will be used to product development team, growth and marketing 
  • Launched in May 2019 at the ETHGlobal Hackathon, 1inch is a DEX aggregator that finds the best rates among multiple DEXs
  • Upcoming features include the release of a native token and liquidity farming
  • 1inch also recently crossed the milestone of $1 billion in overall trading volume

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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