Huobi Ventures Blockchain Fund Invests in OpenOcean

Published on: 06.07.2021

Huobi Ventures Blockchain Fund has made a strategic investment to OpenOcean.

OpenOcean will work closely with the Huobi Global ecosystem to explore further carrying out innovative solutions connecting DeFi and CeFi so that users can benefit from higher capital efficiencies and profits from enhanced trading strategies.

“Leading exchanges that are building in both DeFi and CeFi are investing in OpenOcean because of the value we bring as the first aggregator that connects these two previously isolated worlds. We now have, what we believe is, the best possible group of investors supporting us to facilitate our innovative products and ecosystem development,” says Cindy, co-founder of OpenOcean.

Their previous investors include Binance, Multicoin Capital, CMS Holdings, Kenetic, Altonomy, LD Capital, DAOMaker, OKEx Blockdream Ventures, AU21, FBG, TRON Foundation, Asymmetries Technologies and LIAN Group.

Further positive news is that the OpenOcean protocol has reached over 200k active unique addresses with over 730k total transactions approximating to $2 billion USDT in transaction volume since inception.

As a one-stop portal, we have aggregated ETH, ETH Layer2, BSC, TRON and Solana ecosystems including mainstream DEXes and corresponding token pairs. To facilitate a one-stop trading experience, OpenOcean will continue to launch cross-chain protocol aggregation, supporting cross-chain swaps with the best price and aggregate more CeFi and DeFi products such as derivatives, lending & insurance products.

The investment by Huobi Ventures Blockchain Fund will undoubtedly strengthen the project and provide benefits for the community with better trading opportunities across the entire crypto and blockchain industry. While investments have now been concluded, the next steps include exciting integrations such as Polygon, which will expand OpenOcean functionality beyond single chain swaps into cross-chain swaps.

What is OpenOcean?

OpenOcean is the world’s first DeFi & CeFi full aggregator. OpenOcean’s intelligent routing algorithm finds the best price and lowest slippage for traders across centralized and decentralized exchanges with no additional fees. OpenOcean provides an API and arbitrage tools to enable users to take advantage of arbitrage opportunities automatically. OpenOcean plans to expand to aggregation of derivative, lending, yield, and insurance products as well as launch its own combined margin products and intelligent wealth management services.