Hybrid Exchange OpenEx Announced Pre-A Close for a Valuation of $50M

OpenEx today announced it has its Pre-A close for a valuation of 50 Million USD. The round includes prominent names in the Web3 space, including C² Ventures, Agallochum Capital, TKX Capital. The new funding will be used to better the trading experience on the products.

OpenEx is building an industry-unique hybrid exchange model that integrates centralization and decentralization, aiming to be the Hybrid,CEX+DEX, where certified partners can act as their own liquidity provider.

According to the announcement, OpenEx has been online for nearly 3 months and already has an active community of over 100,000 monthly active users, with 60,000+ registered users and members respectively. The daily trading volume is approximately around 100 million USD.