Cryptocurrency

As a means of repairing a hole in its financial sheet caused by the failure of FTX, cryptocurrency market creator Auros has successfully raised $17 million from new investors.According to a statement released by Auros, investors in the fund raise included senior alumni from the market making giant Optiver, senior executives from the high frequency trading firm Vivienne Court, the Nasdaq-listed digital asset mining company Bit Digital, Trovio, Epoch Capital, Primal Capital, and others.According to the announcement made by the company, Marcel Klooss, who was a co-founder of Vivienne Court, and Hughes Ching, who was a co-founder of Bit Digital, would be joining the board of directors at Auros.In an email answer to queries posed by The Block, Auros co-founder Benjamin Roth stated that the influx of new capital will assist the company in concluding a provisional liquidation and restructuring procedure that it entered around the end of the previous year. Once the exchange filed for bankruptcy, about twenty million dollars&#39; worth of the company&#39;s assets were left stranded on the FTX platform. As a result, the company ran into financial difficulties and was unable to make several loan repayments.&#34;We are also well-positioned to further expand our strategic market making business and help establish healthy, liquid markets for all of our partners,&#34; wrote Roth. &#34;We are also well-placed to further expand our strategic market making business.&#34; &#34;It is also important to highlight that the business continued to run as usual throughout this process, and we have continued to support all of our partners this entire time,&#34; said the CEO of the company.According to a statement released by Auros, the most recent fundraising round will also be utilized to develop the company&#39;s activities in the areas of high frequency trading and derivatives solutions.

Market Maker Auros Raises Fresh Capital to Repair Finances Hit by FTX Collapse

ItsBitcoinWorld

Weitere Artikel, die am 21. März 2023 veröffentlicht wurden

Okcash: The Proof-of-Stake Version of Bitcoin Emerges as a Powerful Inflation Hedge Amid Banking ...

Shiba Inu Whale Moves 25 Trillion SHIB From Crypto Exchange To Cold Storage – Details

Coinbase tests ChatGPT for crypto security analysis

MOBIX Park & Charge – Turbocharging Sustainable Mobility

Bitcoin’s Correlation to US Stocks Hits 20-month Lows - Here’s Why That’s Bullish for BTC

Dexo Multi-Chain Launchpad: A Game-Changer for the Crypto Ecosystem

Abonniere unseren kostenlosen Newsletter und erhalte tägliche Krypto-Updates!