Decentralized options trading protocol Kibo closes $1.5M in seed round

2021-11-23 19:19

Kibo Finance, a startup DeFi options trading platform, has announced the closing of a $1.5M seed round. Participating investors in the round include Republic, Huobi, Gate.io, Fenbushi, AU21, Genblock, Kenetic, MGNR, GSR, DFG, Bitcoin.com, David Garcia of Borderless Capital, Sandeep Nailwal (Co-founder of Polygon), and Mirza Uddin (Co-founder of Injective Protocol).

The Kibo Finance protocol allows buying and selling of options on more underlying assets outside of Bitcoin and Ethereum, including, but not limited to, Doge, Binance Coin, Gold, and Stocks. A feature that is first being built on Ethereum and Polygon, Kibo Finance will offer auto-hedging of pools and collateral management so Liquidity Providers (LPs) can maximize rewards.

“DeFi and crypto offerings in options trading platforms are still in their infancy and have significant limitations,” said Andrew Durgee, Head of Crypto and Tokenization at Republic. “Kibo Finance is a borderless experience, which means traders will have greater flexibility on a broader range of options across more blockchains and more possible underlying assets. Kibo is the future for serious traders.”

Structured so LPs get a fair reward for providing liquidity, Kibo traders are ensured of paying a fair price. Strategies include the ability to trade the volatility of an underlying asset without taking a directional position, hedge against a drop in the market, use leverage, and cap losses while speculating.

Originating from an essay written for the “30 under 30” program at QuantMinds International, the world’s largest conference for quantitative finance, Kibo’s founding team is made up of finance, math, and blockchain developers, with backgrounds working at institutions and companies, including Deribit, Artblock, BNP Paribas, and the University of Queensland.

“I am grateful for this amazing group of investors participating in our seed round who believe in the same vision I outlined back in 2019,” said Pierre Cumenal, CEO of Kibo Finance. “As a quantitative analyst by trade, great work and detail has gone into the technical structure of the protocol and has allowed me to assemble a team of top minds that cover all aspects of DeFi options trading.”

The post Decentralized options trading protocol Kibo closes $1.5M in seed round appeared first on CryptoNinjas.

origin »

Bitcoin price in Telegram @btc_price_every_hour

RoundCoin (ROUND) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 ROUND

round seed trading options kibo fenbushi gate

Источник: cryptoninjas.net

round seed → Результатов: 126


Фото:

Hashstack Finance Announces the closing of its $1 million seed funding round

Following the launch of its Open Protocol testnet, Hashstack has closed a seed funding round in which it secured $1 million from Moonrock. Apart from Moonrock Capital, dozens of other major investors participated in the seed round, including GHAF Capital Partners, Kane & Rao Group, Nimrod Lehavi, MarketAcross, and Chainridge Capital. Funds realized will be […]

2022-3-2 00:12


Draper Goren Holm to lead the seed round for LunarCRUSH

LunarCRUSH is preparing for a seed round that is set to push its platform towards “disrupting the investing, education, and trading aspects of cryptocurrency.” LunarCRUSH finds seed round lead Draper Goren Holm, a venture studio focused on accelerating and incubating blockchain and crypto startups, will lead a seed round for the crypto data analytics provider […] The post Draper Goren Holm to lead the seed round for LunarCRUSH appeared first on CryptoSlate.

2020-1-25 02:05


TaxBit raises $5 million to automate cryptocurrency tax compliance

TaxBit, which offers cryptocurrency tax automation software targeted for crypto users, exchanges, and merchants, today announced a seed round funding of $5 million. Participating investors include TTV Capital, Dragonfly Capital Partners, Collaborative Fund, Winklevoss Capital, Valar Ventures, Global Founders Capital, Table Management, Album VC, who previously led TaxBit’s pre-seed round, and more.

2020-1-6 19:33


Бахрейнская биткоин-биржа привлекла инвестиции от BitMEX Ventures и Джимми Сонга

Базирующаяся в Бахрейне криптовалютная биржа Rain закрыла сид-раунд финансирования, в рамках которого ей удалось привлечь $2,5 млн. Основным инвестором выступило инвестиционное подразделение BitMEX Ventures.

2019-8-1 12:11


Gominer ICO

Gominer Token is a Peer-to-Peer token that has a sophisticated level of security for a multi-functional digital currency and for all future use expansion. The token is created to help our user to interact and expand the way of their earning in Cloud mining.

2019-7-28 17:33


Фото:

Reddit Co-Founder Ohanian Leads Seed Round for Blockchain Gaming Startup Horizon

According to a post published July 17, 2019 on BusinessWire, the video game studio and blockchain infrastructure company Horizon Blockchain Games (Horizon) raised $3. 75 million in a seed round, led by Reddit co-founder Alexis Ohanian’s venture fund, Initialized, with participation from Golden Ventures, Polychain, Coinbase, Digital Currency Group, and Inovia Capital.

2019-7-18 19:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Binance Leads Crypto Trading With $7T Spot Volume: CryptoQuant

Binance continued to be the spot volume leader in the crypto sector during 2025, according to CryptoQuant’s annual report on exchanges. Binance Saw $7 Trillion In Spot Crypto Trading Volume In 2025 In a new thread on X, on-chain analytics firm CryptoQuant has shared insights from its 2025 Annual Exchange Leader Report. This report compares […]