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