Ethereum’s Stream Trading Raises $1.5 Million Amidst Crypto Surge

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In a recent development, Stream Trading, an innovative new entity on the Ethereum blockchain, raises $1.5 million in seed funding. This successful round was spearheaded by Polychain, with contributions also coming from a team of angel investors.

The company’s market worth has soared to an impressive $20 million following this financial enhancement. At the core of Stream Trading’s business lies a groundbreaking protocol, providing depositors with the chance to partake in profitable arbitrage trades boasting high yield rates.

This service comes with a charge of 10% or higher set by the company, clearly demonstrating how they earn income.

Rapid Growth Amidst a Crypto Bull Market

Diogenes Casares and Solal Afota, the dynamic duo behind the company, quickly gathered a skilled team to capitalize on the thriving crypto market. Their well-planned actions have proven successful, as decentralized finance (DeFi) trading platforms experience significant growth.

After completing the beta testing stage, Stream Trading now holds approximately $5 million in assets, bringing it close to achieving profitability.

In addition, Casares has outlined an innovative roadmap for Stream Trading, aiming to become a major player in the decentralized perpetuals exchange market. This goal positions it to challenge well-established competitors such as dYdX within the rapidly growing and competitive Decentralized Finance (DeFi) derivatives sector.

Unlike most trading protocols that primarily focus on minimizing swap fees, Stream Trading sets itself apart by concentrating on enhancing funding rates as its main objective.

Newcomer Stream Trading’s triumphant fundraising event underscores the creative methods these fresh market players are employing to establish a distinctive presence.

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2024-04-10 23:00