UXUY Completes $7 Million Pre-A Round of Financing, with Investments from Binance Labs, Bitcoin Magazine, and Other Institutions

UXUY, the next-generation decentralized multi-chain trading platform incubated by Binance Labs, announced the completion of 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's current round of financing has received investment from well-known institutions in Asia, North America, and Europe, such as Binance Labs, UTXO Management (Bitcoin Magazine), JDI Ventures, Bixin Ventures, SWC Global, Matrix Partners, CMS Holdings, Dewhales Capital, Comma3 Ventures, Satoshi Labs, YBB Capital, GBV Capital, Web3Vision, Pentos Ventures, NGC Ventures, Alti5, Metalpha, and GSR. The funds raised by UXUY in this round will be used for the construction of the Bitcoin ecosystem infrastructure, and will be committed to promoting the efficient and low-cost trading of Lightning Network Taproot Assets, Ordinals BRC-20, Runes, and other assets. Jordan, co-founder of UXUY, said: "We are pleased to be 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 trading scenarios, and make more contributions to the Bitcoin ecosystem." According to RootData, a Web3 asset data platform, UXUY is a next-generation decentralized multi-chain trading platform based on MPC wallets. UXUY actively participates in the construction of the Bitcoin Layer2 ecosystem, fully integrates into the Bitcoin Lightning Network and Taproot ecosystem, provides Lightning Address DID services to users, and becomes an important bridge connecting the Bitcoin and Ethereum ecosystems. As a decentralized multi-chain trading platform, UXUY provides immediate cross-chain trading services for Coin, Token, and Inscription among public chains through the establishment of uPool.