Coin98 Labs Closes $ 1.25M in Fundraising

This round of financing received consensus from ParaFi Capital, Multicoin Capital, Hashed and Spartan Group. Large mutual funds and famous teams in that the blockchain world like CoinGecko, Kyber Network, Linkpad VC etc. ) engage in the funding round.

According to Forbes, Coin98 Exchange is a cross-chain liquidity aggregation protocol. This is the next product developed by Coin98 Labs after Coin98 Wallet – the first cryptocurrency wallet with cross-chain compatibility which enables users to access and utilize DeFi services based on multiple blockchains. The Coin98 Exchange implementation plan includes several phases, resulting in immediate cross-chain swaps with fully automated liquidity.

After this round of financing, Coin98 Labs will concentrate on growing its own staff and resources to further the growth of Coin98 Exchange and perfect its own ecosystem of DeFi products. In addition to financial support, the participation of mutual funds also strengthens Coin98 Labs many times over in many aspects like strategic information, marketing, bringing users on a worldwide level, etc.

“We are excited to support Coin98 – a market leader with phenomenal growth over the past few months. DeFi is an important part of Web Applications 3 and covers both global liquidity and local user demand. We believe Coin98 is the right team that understands our users well enough to benefit from it, ”stated Mable Jiang, partner at Multicoin Capital.

Coin98 Exchange is expected to incorporate more cross-chain options and build a stronger user base this season.

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