Singapore-based Ubit raises $20M to develop Web3 trading platform and social crypto tools

Singapore-based Web3 smart market maker exchange company, Ubit, has raised $20 million in funding. The company plans to use the funds to further develop its platform and strengthen its position in the Web3 trading platform domain. Ubit aims to create intelligent and social financial tools, including crypto spot and futures trading, to help users find quality investment projects and achieve profitability through holding and trading cryptocurrencies. The company plans to become an autonomous crypto social platform, providing users with market and project information and creating an open environment for crypto asset trading and management.