UXUY, a decentralized multi-chain trading platform incubated by Binance Labs, has secured $7 million in a Pre-A funding round. The company will use the funds to promote efficient and low-cost transactions of various digital assets.
UXUY boasts over 100,000 traders using its Bitcoin Lightning Network service and aims to further strengthen the Bitcoin ecosystem infrastructure.
The investment round was backed by a diverse group of investors from across the globe, including Binance Labs, JDI Ventures, and Matrix Partners.
"We are delighted to announce the successful closure of our Pre-A funding round," said Jordan, Co-Founder of UXUY. "This significant milestone validates the strength of our vision and reaffirms investor confidence in our ability to drive innovation in the decentralized trading space."
UXUY is committed to bridging the Bitcoin Lightning Network with the multi-chain ecosystem to drive adoption and transform payment into trading scenarios.
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