Panxora Raising $50M for DeFi Hedge Fund

Panxora Raising $50M for DeFi Hedge Fund

By Abhimanyu Krishnan | News | 24 Sep 2020

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

Related Reading:

  • Cameron Winklevoss thinks DeFi boom is different from 2017
  • New DeFi protocols push DeFi market value up

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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