According to ChainCatcher, The Block reported that the decentralized trading platform Crypto Valley Exchange (CVEX) has completed a total of US$7 million in financing through pre-seed and seed rounds, led by Fabric Ventures and Kyber Capital Crypto Fund, with participation from AMDAX, Wave Digital, Funfair Ventures, Seier Capital Family Office, Five T Group and Saxon. These funds will be used to launch the mainnet of its DEX this summer.

It is reported that CVEX aims to provide transparent and cheap futures and options trading for cryptocurrency holders.