Crypto Derivatives Exchange Stream Trading Raises $1.5M in Seed Funding
Summary
Stream Trading, the company behind Stream Finance, a new crypto derivatives platform on the Ethereum blockchain, has raised $1.5 million in a seed round. The funding round, which valued the company at $20 million, included Polychain and several angel investors. Stream Finance emerged from beta testing recently with $5 million in total value locked. The platform aims to provide depositors with exposure to high-yield rate arbitrage trades and charges a 10% or higher fee. The company plans to evolve into a decentralized perpetuals exchange competing with established names in DeFi derivatives. The focus will be more on improving funding rates rather than cutting fees.
