San Francisco fintech firm Portal secured $34 million for its bitcoin-based decentralized exchange (DEX), emerging from stealth mode. Investors include Coinbase Ventures, Arrington Capital, OKX Ventures, and Gate.io. The funds will bolster the DEX’s development and a non-custodial wallet. Portal aims to facilitate peer-to-peer bitcoin swapping across blockchains sans intermediaries, addressing security concerns. The substantial investment signals optimism in crypto fundraising amid rising interest in bitcoin within decentralized finance (DeFi).
Fintech Provider Portal Raises $34M Seed Round for Bitcoin-Based Decentralized Exchange
