Saturn Raises $800,000 in Seed Funding for Decentralized Bitcoin Exchange Development
Saturn, a decentralized Bitcoin exchange, has raised $800,000 in seed funding to enhance its peer-to-peer order book and provide a secure trading experience for Bitcoin users. The funding round was led by Sora Ventures and saw participation from several notable blockchain investors. The exchange aims to promote greater fungibility within Bitcoin by enabling users to exchange coins without relying on centralized intermediaries, reducing the risk of hacks or regulatory actions that have plagued centralized exchanges in the past. With a significant user base of 300,000, Saturn is a pivotal player in the emerging BTC DEX space and is expanding Bitcoin's potential as a medium of free exchange.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin is up 6% since the Fed rate cut. What’s next?
Despite short-term boost, Bybit executive warns investors of “potential challenges posed by economic uncertainty and market fluctuations”
Eclipse targets October to launch ‘Solana on Ethereum’ L2
Mastercard and Safaricom team up to improve cross-border payments
FET token surges 75% in a month as AI narratives drive growth
Trending news
MoreCrypto prices
More
