Sparrow ExchangeSingapore-based Bitcoin and Ethereum options trading platform announced today that it has raised $ 3.5 million to finance Series A.
The circle was led by the HDR Group, owner of the BitMEX cryptocurrency exchange, with the participation of Signum Capital, Du Capital and FinLab EOS VC.
Funding will be used for development sparrow Platform and launch of new products and services. For example, at the beginning of this month introduced iOS-optimized mobile interfaceand other releases coming soon. Since launching a year ago, Sparrow has watched options trading over $ 150 million.
In a press statement, Stefan Schütze, Managing Director of FinLab EOS VC Fund, said: “We are pleased to invest in Sparrow, which is developing a new generation of financial products using EOSIO for their level of settlement within the network.”
Despite the pandemic, the company claims that its volume has grown over the past few months, as bitcoin trading has reached a record high in several countries since initial sale in March,