UXUY Completes $7 Million Pre-A Round of Financing, with Binance Labs and Bitcoin Magazine Participating in the Investment

BlockBeats reported that Bitcoin Asia 2024 kicked off on May 9. UXUY, the next-generation decentralized multi-chain trading platform incubated by Binance Labs, announced in Hong Kong that it had completed a $7 million Pre-A round of financing. Since its establishment, its total financing amount has exceeded $10 million. UXUY is an important builder of the Bitcoin ecosystem, and more than 100,000 traders use Bitcoin Lightning Network services through UXUY.

UXUY received investment from well-known institutions in Asia, North America and Europe, including Binance Labs, JDI Ventures, UTXO Management (Bitcoin Ecosystem Fu), Bixin Ventures, SWC Global, Comma3 Ventures, CMS Holdings, Matrix Partners, Satoshi Labs, Dewhales Capital, YBB Capital, GBV Capital, Web3 Vision, Pentos Ventures, Absoluta Digital, PAKA, DefinanceX, Dreamlabs, Greythorn Asset Management, NGC Ventures, Metalpha, GSR, etc. in this round of financing.

The funds raised by UXUY in this round will be used for the construction of Bitcoin ecological infrastructure, and will be committed to promoting efficient and low-cost transactions of assets such as Lightning Network Taproot Assets, Ordinals BRC-20, and Runes.

UXUY co-founder Jordan said: "We are very happy to become strategic partners with all investors! This year, we have successfully built a bridge between the Bitcoin Lightning Network and the multi-chain ecosystem. UXUY will continue to promote the use cases and popularization of the Lightning Network in transaction scenarios and make more contributions to the Bitcoin ecosystem."