Hashflow collects $ 25 million from Jump Crypto, Wintermute and GSR

Hashflow collects $ 25 million from Jump Crypto, Wintermute and GSR

The decentralized crypto exchange Hashflow has recorded a series a venture round of $ 25 million, which increases the company's assessment to $ 400 million.

The investors belonged to Jump Crypto, Wintermute and GSR. The increase follows the company, which in April last year set a seed round of $ 3.2 million.

hashflow is known for having a "bridgeess" cross-chain swap protocol. In contrast to other known trading platforms for decentralized finances (Defi) that use automated market maker (AMM) to facilitate retail, Hashflow enables users to request offers from an entity that carries out pricing outside the chain.

This model offers less volatile price offers compared to traditional AMMS, said Varun Kumar, CEO von Hashflow, to block works.

The Defi company hopes to be able to use the newly accepted capital in order to create a more seamless trade experience by bringing more trading products to the hashflow platform. It also has plans to expand your engineering and marketing teams.

Kumar said that Hashflow will soon be used on Solana. This enables cross-chain swaps between Ethereum Virtual Machine (EVM) chains and non-EVM chains.

Bridge protocols trouble attracting users in the Baisse. MultiChain, one of the largest cross-chain bridge protocols, saw its value in less than six months from $ 7 billion to $ 2 billion.

Despite these market conditions, Kumar says that Hashflow is "well capitalized and actively settles". His main priority for the future will be to "get new Market Maker on board aggressively to maximize the liquidity on its platform".

"We intend to continue building, scaling and setting after this salary increase," said Kumar.

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The contribution Hashflow collects $ 25 million from Jump Crypto, Wintermute and GSR.