HeadlinesBriefing favicon HeadlinesBriefing.com

MYX Secures Consensys-Led Funding Ahead of Blockchain Trading Upgrade

Investing.com News •
×

MYX has finalized a strategic funding round led by Consensys, the creator of MetaMask, to advance its blockchain trading infrastructure. The company aims to transition into a cross-chain trading platform, enhancing execution, risk management, and chain abstraction. Consensys, alongside Systemic Ventures, invested to support MYX’s goal of making crypto trading more accessible and efficient.

The exact funding amount remains undisclosed, though a prior $5 million round in September included Consensys’ participation. This investment fuels MYX V2, a major upgrade designed to simplify trading with features like one-click and gasless transactions, reducing fees and streamlining processes for non-crypto-native users. The platform also promises predictable pricing and instant access to emerging assets, even during volatile market conditions.

By prioritizing infrastructure, MYX enables third-party apps to integrate its engine, potentially lowering costs and boosting security for decentralized financial products.