Primex Finance

About

Decentralized Prime Brokerage protocol for cross-dex margin trading.

Tallinn,Harjumaa,Estonia
11 - 50
https://primex.finance/

Highlights

Details

Last Funding Type: Seed
Last Funding Money Raised: $5.70M
Industries: Blockchain,Cryptocurrency,Finance,Financial Services,FinTech,Lending,Open Source,Peer to Peer,Trading Platform
Founded date: Jun 1, 2021
Number Of Employee: 11 - 50
Operating Status: Active
Legal Name: Primexlabs OÜ
Also Known As: Primex

Primex is the cross-chain prime brokerage liquidity protocol for cross-DEX margin trading with trader scoring mechanisms.

In Primex, lenders provide liquidity to pools where traders can use it for leveraged trading in cross-DEX environments, while lenders then have an opportunity to earn high yields; their interest is generated from margin fees and profits on successful trades.

Lenders have the flexibility to manage their risks and return by providing liquidity to a variety of risk buckets, subsets of liquidity pools that regulate trader risk strategies.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

1

$5.70M

Primex Finance has raised a total of $5.70M in funding over 2 rounds. Their latest funding was raised on Dec 28, 2021 from a Seed round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Dec 28, 2021	Seed	$5.70M	18	CoinFund Stratos Technologies	—	Detail

Investors

Number of Lead Investors

Number of Investors

2

18

Primex Finance is funded by 18 investors. CoinFund and Stratos Technologies are the most recent investors.

Investor Name	Lead Investor	Funding Round
CoinFund	Yes	Seed
Stratos Technologies	Yes	Seed
Formless Capital	—	Seed
GoldenTree Asset Management	—	Seed
GSR	—	Seed
HG Ventures	—	Seed
Hypersphere Ventures	—	Seed
LedgerPrime	—	Seed
Magnus Capital	—	Seed
Mapleblock Capital	—	Seed