Fintech Provider Portal Raises $34M Seed Round for Bitcoin-Based Decentralized Exchange
San Francisco-based fintech provider, Portal, has raised $34 million to support the development of its bitcoin-based decentralized exchange (DEX) and a non-custodial wallet. The funding round included investors such as Coinbase Ventures, Arrington Capital, OKX Ventures, and Gate.io. Portal's DEX aims to provide a decentralized infrastructure for peer-to-peer bitcoin swapping across different blockchains without intermediaries, reducing the risk of hacks. The platform will allow users to swap bitcoin across various blockchains in seconds without compromising custody, privacy, or security. The substantial funding round reflects the growing interest in using bitcoin in the decentralized finance world and the improving prospects for raising capital in the crypto industry.
