Divergence Named Huobi Ventures As Its Major Strategic Investors

Published on: 16.09.2021

Divergence, a decentralized platform for options and volatility derivatives, announces that Huobi Ventures, the investment arm of Huobi Group, is its major strategic investor.

Divergence addresses the market’s need for effective, easy-to-use DeFi asset trading and hedging solutions. Divergence V1 flagship product is an automated market maker (AMM) marketplace for synthetic binary options. Divergence will also develop a range of decentralized volatility derivatives and volatility index products.

“We look forward to a long-term working relationship with Huobi and its ecosystem participants, as we further explore synergies between our respective product offerings,” —Lianne Li, founding member of Divergence Protocol

“Over the past few months, we have witnessed significant growth and interest in DeFi derivatives, as they can address investors’ growing hedging needs. In this context, Divergence Protocol offers a user-friendly platform that is pioneering decentralized volatility hedging. Divergence Protocol’s range of different solutions can cater to users with different risk aversions. We believe that their solutions can fit well within our ecosystem.”—Alex Dong at Huobi Ventures

The announced investors contributed to a total of $3.6 million in funds raised by the Divergence Protocol. Previously, Divergence Protocol announced its completion of a $2.9 million seed and private funding round led by Mechanism Capital and KR1, with participation from Nothing Research, Focus Labs, Arrington Capital, P2P Capital, Orthogonal Trading, Taureon, HashKey Capital, Youbi Capital, Digital Finance Group, and others. Angel investors include Do Kwon from Terra Labs, Diane Dai from DoDo, Sandeep Nailwal from Polygon, Igor Barinov from xDai, and others.

ABOUT Divergence
Divergence is a decentralized platform for hedging, trading DeFi-native asset volatility, with its flagship product being an AMM-based marketplace trading synthetic binary options.

ABOUT HOUBI GROUP
Huobi Group was founded in 2013 with a mission to make breakthroughs in core blockchain technology and further the integration of blockchain technology with other industries. Huobi Group has expanded its products and services to public blockchains, digital asset trading, wallets, mining pools, proprietary investments, project incubation, digital asset research, and more. Huobi Group has established a global digital ecosystem through investing in over 60 upstream and downstream companies across the blockchain industry.

RESOURCES
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