Concordex, the first dedicated decentralized exchange (DEX) built on Concordium, has raised $1.7 million in seed funding from Tacans Labs, Skynet Trading, Seier Capital and Concordium to bring institutional-grade derivatives to the Concordium blockchain ecosystem.
Decentralized exchanges have seen a rise in interest after a series of high-profile centralized trading platforms in the crypto space collapsed throughout 2022. Concordex will offer users an institutional-grade investment platform that bridges the gap between traditional finance (TradFi) and decentralized finance (DeFi) through an extensive suite of products and services, offering true margin and derivatives trading.