Cryptocurrency fund manager Panxora will raise $50 million for a DeFi-focused hedge fund according to CEO Gavin Smith, who was interviewed by CoinDesk on September 23.

• Panxora will offer traders features such as an AI trading software which be used to combat volatility
• Trading will begin on November 2, and will mostly focus on tokens listed on centralized exchanges 
• Panxora said that it aims to give investors exposure to the rapidly growing DeFi market
• Smith believes that the DeFi market is in the early stages and that the fund could simplify entry for investors

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