The Cryptocurrencies.AI (CCAI) alternate has secured a multimillion-dollar funding spherical. It plans to make use of the funds to struggle alternate fragmentation and enhance the crypto consumer expertise.
The alternate has gained a complete of $8 million from varied digital asset buyers, together with however not restricted to, Alameda Analysis, Alphabit, Protocol Ventures, and Rarestone Capital.
The funding is a part of what CCAI representatives discuss with as crypto’s subsequent iteration. One during which consumer expertise turns into a precedence.
A report shared with BeInCrypto revealed that CCAI plans to make use of the funding to create a extra user-friendly strategic evaluation buying and selling companion that merges each centralized and decentralized exchanges (CEX and DEX). Extra particularly, CCAI is constructed on the quickest DEX, Solana, but additionally makes use of Binance’s deep liquidity by way of a strategic partnership.
In doing so, it intends to remove the concept decentralized finance (DeFi) have to be complicated and separate from centralized finance.
Resolving key points
CCAI’s mission revolves round giving merchants of all ranges entry to complete evaluation and technique instruments, and never on the expense of velocity or buyer expertise. The alternate additionally hopes to resolve fragmentation points by creating a spot the place merchants can simply alternate funds between CEX and DEX.
Hisham Khan, a former challenge lead at Bloomberg, heads the alternate. He stated:
“The trade all too typically accepts frustratingly poor consumer expertise and fragmentation as each crypto natives and newcomers are pressured to make use of a wide range of totally different instruments to optimize their buying and selling methods. We’re altering that by bringing the whole lot into one place.”
As this funding comes into play, CCAI hopes to turn into an all-inclusive digital buying and selling companion for the crypto trade. Its subsequent section goals to make good on its core mission. Particularly, offering merchants of all ranges with instruments ordinarily reserved for top-tier buyers.
This contains entry to a calendar on which customers can observe their profitability extra successfully. Plus the power to leverage as much as 125x futures on CEX and the power to switch funds to a Solana-based pockets.
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