SynFutures Raises $14M in Series A Funding Round

SynFutures is an open and trustless derivatives market that is quickly transforming the DeFi space. SynFutures main aim is democratizing the futures market by enabling traders to participate in a free and open environment according to their preferences. The platform empowers users to trade any kind of assets using different strategies and by their own terms. Users can set their own futures contracts by adding select pairs, choosing maturity dates, and positions among many other parameters in a completely trustless and permission-less environment.

SynFutures was excited to announced that after their successful funding last January where they have gained $1.4 million from global investors like Dragonfly Capital and Standard Crypto, here’s come another success for the project. The company have raised a huge amount of $14 million dollars from top crypto investors such as Polychain Capital, Framework, Pantera Capital, Bybit, Wintermute, CMS, Woo and IOSG Ventures.

This new funding will help SynFutures gear up for the mainnet launch that will give their users and any other interested party a chance to list and trade futures for both cryptocurrencies and assets with price feeds. The funding is also meant to help the platform lower the entry barriers for investors interested in the derivatives market by ensuring they have at their disposal tools to trade freely. These set of tools enable users to trade various assets like large-cap cryptocurrencies, altcoins, traditional equities, gold, and indices among others.

ABOUT SynFutures
SynFutures is an open and trustless derivatives market that is quickly transforming the DeFi space. SynFutures main aim is democratizing the futures market by enabling traders to participate in a free and open environment according to their preferences. The platform empowers users to trade any kind of assets using different strategies and by their own terms.

RESOURCES
Medium