According to Techub News, according to The Block, cryptocurrency proprietary trading company Breakout has completed a $4.5 million seed round of financing, led by RockawayX, with participation from Mechanism Capital, Round13 Capital, C² Ventures and IOBC Capital. The funds raised will be used to expand in the Asia-Pacific and Latin American regions. In addition, Breakout plans to expand its existing team of more than 20 people through recruitment in the next 12-18 months.

Breakout was co-founded last year by Miningham, a general partner at crypto venture capital firm Ascensive Assets, and cryptocurrency KOL Dylan Loomer. Miningham said there are no plans to launch a token at present, but Breakout may launch a token if the future regulatory environment allows it.