On November 16th, Rho Labs, a decentralized cryptocurrency derivatives trading platform founded by former Copper Chief Product Officer Alex Ryvkin, announced the completion of a $2.2 million pre-seed round of financing, with Speedinvest leading the investment and participation from Keyrock, Re7 Capital, Daedalus Collective, and Copper.co CEO Dmitry Tokarev.
The cryptocurrency derivatives trading platform being built by Rho Labs will provide on-chain trading services based on specific and traditional interest rates, and it is expected that its trading market will launch an internal testing version on the Arbitrum chain by the end of this year.
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Crypto derivatives trading platform Rho Labs completes US$2.2 million in financing, led by Speedinvest
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