AscendEX co-invests in Soveryn’s latest funding round


AscendEX, a world cryptocurrency monetary platform with a complete product suite, is proud to take part in Soveryn’s newest funding spherical. AscendEX, alongside numerous industry-leading funding companions, together with Pomp Investments, sees the huge potential Soveryn has to grow to be a pacesetter within the DeFi house. 

Sovryn, the Bitcoin-based decentralized finance (DeFi) protocol, has agreed to a $9M funding proposal from a consortium of companions, together with AscendEX. These traders have been vetted for his or her strategic contribution and led by Anthony Pompliano’s Pomp Investments. These market gamers will convey their reputations and deep stability sheets to bear on the company elements of the Sovryn mission and can, in time, look to construct software program to undertake and combine with the Sovryn protocol.

Sovryn is the world’s first BTC utility that may permit customers entry to decentralized buying and selling and lending of Bitcoin. Sovryn has seen rising pleasure and anticipation all through 2021 as they’ve introduced investments from Anthony Pompliano, Collider Ventures, Greenfield One, Monday Capital, Cadenza Ventures, Blockware Options, and extra. Their native token is presently buying and selling on the Sovryn utility, with new venues asserting within the coming weeks.

The AscendEX workforce is dedicating itself to assist Sovryn in supporting the ever-growing digital asset ecosystem. Shane Molidor, Head of World Enterprise Improvement at AscendEX, mentioned, “As a centralized trade, it’s necessary to all the time be pondering innovatively. We predict that Decentralized Finance continues to develop and Sovryn is a novel mission that brings Defi protocols to Bitcoin. At AscendEX we proceed to try in direction of being that nexus between the Centralized and Decentralized worlds.” 

Sovryn supplies the instruments to commerce, lend, and leverage Bitcoin and different property permissionless and inside a system secured by the Bitcoin blockchain. Sovryn is a buying and selling interface uniquely designed for Bitcoin-native DeFi protocols with no transaction limits and a number of property out there to commerce. Sovryn is the world’s first BTC utility that may permit customers entry to the decentralized buying and selling and lending of Bitcoin.

“Sovryn is an formidable mission with the objective of bringing decentralized finance to the world’s premier decentralized financial asset – Bitcoin. That is the subsequent necessary step for the evolution of Bitcoin, permitting hodlers to commerce, lend and borrow Bitcoin in a permissionless method, with out counting on centralized intermediaries or altcoins. Sovryn continues to develop its attain by partnering with leaders within the {industry}, together with AscendEX.” Stated Elan Nahari, a chief contributor to Sovryn.

About AscendEX 

AscendEX (previously BitMax) is a world cryptocurrency monetary platform with a complete product suite together with spot, margin, and futures buying and selling, pockets providers, and staking assist for over 150 blockchain tasks akin to bitcoin, ether, and ripple. Launched in 2018, AscendEX providers over 1 million retail and institutional shoppers globally with a extremely liquid buying and selling platform and safe custody options. 

AscendEX has emerged as a number one platform by ROI on its “preliminary trade choices” by supporting a few of the {industry}’s most revolutionary tasks from the DeFi ecosystem akin to Thorchain, xDai Stake, and Serum.

AscendEX customers obtain unique entry to token airdrops and the power to buy tokens on the earliest potential stage. To study extra about how AscendEX is leveraging greatest practices from each Wall Avenue and the cryptocurrency ecosystem to convey one of the best altcoins to its customers, please go to www.AscendEX.com.

For extra data and updates, please go to:

Web site: https://ascendex.com

Twitter: https://twitter.com/AscendEX_Global

Telegram: https://t.me/AscendEXEnglish

Medium: https://medium.com/ascendex

About Sovryn

Sovryn is the world’s first BTC utility that may permit customers entry to the decentralized buying and selling and lending of Bitcoin. Sovryn is constructed on the Rootstock (RSK) platform, which is a Bitcoin sidechain appropriate with the Ethereum Digital Machine that may assist the sensible contracts protocol.

For extra data and updates, please go to:

Web site: https://sovryn.app/ 

Twitter:  https://twitter.com/SovrynBTC  

Telegram: https://t.me/SovrynBitcoin 

Youtube:  https://www.youtube.com/channel/UCzMk0lOf3pFOg_9PgnafdNQ

Disclaimer: It is a paid publish and shouldn’t be handled as information/recommendation.





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