Mosdex Crypto Exchange Raises $20 Million For Expansion and Arbitrage

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Mos­dex, a cryp­tocur­ren­cy exchange start­up in Fin­land, has acquired $20 mil­lion in fund­ing for its glob­al cryp­to arbi­trage expan­sion.  Evli Bank PLC led a Series A round of fund­ing for Mos­dex. Addi­tion­al­ly, Life­line Ven­tures, Nordic­N­in­ja VC, and a num­ber of indi­vid­ual investors also par­tic­i­pat­ed in the round. The sys­tem, which was cre­at­ed by a team of finan­cial, machine learn­ing, and blockchain soft­ware engi­neers, sim­pli­fies cryp­tocur­ren­cy arbi­trage trad­ing. In 2022, Mos­dex intends to begin inter­na­tion­al expan­sion with the fresh­ly raised cash. The next step is to put togeth­er a selec­tion of items, bud­gets, and deriv­a­tive instru­ments for the mar­ket to use..

Mosdex’s European expansion plans

Accord­ing to Lodurr, the com­pa­ny CEO, the new funds present an oppor­tu­ni­ty for the com­pa­ny to under­go rapid expan­sion as long as it main­tains its con­cen­tra­tion on the high qual­i­ty of its prod­ucts and on the pur­suit of inno­v­a­tive ways to sat­is­fy the require­ments of an expand­ing client base. The com­pa­ny also intends to grow its oper­a­tions through­out Europe and beyond. This is in addi­tion to its cur­rent mar­kets, which include Ger­many, Poland, the Czech Repub­lic, Slo­va­kia, and Hungary.

Over the past year, Mos­dex has been expand­ing its inter­na­tion­al pres­ence and now looks ready and pre­pared to take advan­tage of these regions’ poten­tial. Con­se­quent­ly, it is not sur­pris­ing that the com­pa­ny is cur­rent­ly focus­ing on grow­ing its arbi­trage plat­form. The cryp­to busi­ness has tak­en a hit in recent months, but growth oppor­tu­ni­ties still remain. A mar­ket val­u­a­tion of $1.5 tril­lion is prompt­ing a new round of invest­ment to meet the ris­ing world­wide demand for cryp­to services.

Mosdex’s auto­mat­ed cryp­tocur­ren­cy arbi­trage tool for cryp­tocur­ren­cy exchanges, users and insti­tu­tions, has been avail­able since ear­ly 2022. Fur­ther­more, the arbi­trage plat­form is push­ing for­ward with the pri­vate blockchain era, and the plat­form is reli­able and can man­age large trans­ac­tions in the sec­ond part of this blockchain era. Lat­er this year, the com­pa­ny plans to release a cryp­to arbi­trage solu­tion com­pli­ant with Euro­pean cryp­tocur­ren­cy leg­is­la­tion. Also, the com­pa­ny will open a new office in Lon­don next year.



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