Decentralized Exchange Platform Ostium Completes $20 Million Series A Funding
BlockBeats News, December 3rd, according to Fortune report, decentralized exchange platform Ostium has completed a $20 million Series A funding round, led by venture capital firm General Catalyst and the crypto arm of quant trading company Jump Trading. Other participants include Coinbase Ventures, Wintermute, and GSR.
Sources familiar with the matter revealed that this funding round values Ostium at around $2.5 billion. Ostium had previously raised approximately $8 million in funding. Ostium was founded in 2022 by co-founders and CEOs Kaledora Kiernan-Linn and Marco Antonio Ribeiro. Unlike protocols such as Hyperliquid that focus on cryptocurrency perpetual contracts, Ostium is primarily focused on trading tangible assets like metals and energy. The platform plans to use the new funds to expand into non-crypto user markets outside the U.S.
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