coindesk.com
0x Labs, the force behind a decentralized exchange (DEX) protocol and its native $ZRX token, has raised $70 million at an undisclosed valuation in a Series B round led by Greylock Partners and including $NFT marketplace OpenSea, Pantera Capital, Jump Capital and actor Jared Leto, according to a Forbes report.
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0x offers a liquidity application programming interface that developers can use to split up transactions between decentralized exchanges to find the best prices and throughput. Supported exchanges include Uniswap, Curve and Oasis.
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The firm also offers Matcha, a global liquidity and markets search engine that helps users trade their tokens at the best prices.
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Last week, the $ZRX token soared 47% after an announcement that 0x would power the $NFT marketplace of Coinbase (COIN), which operates the second largest crypto exchange in terms of trading volume.
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The $ZRX token is up almost 15% over the past 24 hours.
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0x Labs raised $15 million in Feb. 2021 led by Pantera.
