Multi-Chain DEX, ZKEX, Secures $2.5 Million in Seed Funding for Expansion

IconCryptoNewsTerminal Staff19 Jul, 2024

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Multi-Chain DEX, ZKEX, Secures $2.5 Million in Seed Funding for Expansion

Multi-Chain DEX, ZKEX, Raises $2.5 Million in Seed Funding ZKEX, a decentralized exchange (DEX) operating across multiple blockchains, has successfully raised $2.5 million in seed funding. The round was led by renowned venture capital firms Fenbushi Capital, Kenetic, and RockTree Capital, with participation from other notable investors. The funding will primarily support ZKEX's expansion plans, including the development of fiat gateway services and the launch of a user-friendly mobile application. About ZKEX ZKEX is a non-custodial DEX that enables users to trade cryptocurrencies across different blockchains. It utilizes advanced zero-knowledge (ZK) technology to ensure the privacy and security of its users' transactions. Future Plans With the newly acquired funding, ZKEX aims to enhance its platform by adding fiat on-ramp and off-ramp capabilities, allowing users to seamlessly convert between cryptocurrencies and fiat currencies. The mobile application will provide a convenient and accessible trading experience for users on the go. ZKEX's team is confident that this seed funding will accelerate their mission to make decentralized finance more accessible and user-friendly. They believe the multi-chain approach and focus on security will set ZKEX apart in the competitive DEX landscape.