TrueX completes $9 million financing, RRE Ventures and Hack VC participate 🎉

Crypto trading platform TrueX has just successfully completed a round of $9 million financing, with major investors including RRE Ventures and Hack VC. This financing provides strong financial support for TrueX to further develop in the cryptocurrency market.

It is worth noting that TrueX chose to use PayPal's stablecoin PYUSD as its preferred trading token. Paxos, the issuer of PYUSD, will provide third-party custody services for TrueX users to ensure the security and reliability of transactions.

TrueX will first open to US institutions and certain international institutions. This move is expected to further promote the market activity of cryptocurrencies such as Bitcoin. 🚀

(Source: Bloomberg)