IDEX, a decentralized cryptocurrency exchange (DEX), announced on Thursday it secured $2.5 million through its seed investment round, which was led by G1 Ventures and Borderless Capital with participation from Collider Ventures, and Gnosis.
IDEX claims it operates the world’s most technically advanced cryptocurrency exchange with IDEX 2.0. The exchange explained:
“Combining the speed and features of a centralized exchange with the security of a DEX, IDEX 2.0 is the only cryptocurrency exchange that does not compromise performance or security. The new exchange makes it easier than ever for market makers to integrate with their existing infrastructure and provide deep liquidity in a secure manner.”
Speaking about the investment, Alex Wearn, IDEX Co-Founder and CEO, stated:
“Our investors share our understanding that market makers and algorithmic traders are key to our success. Attracting this group requires us to deliver an entirely new product that offers centralized exchange features and performance paired with decentralized security. We’re extremely excited to deliver that with IDEX 2.0, the first DEX that doesn’t sacrifice performance for security.”
IDEX added as part of the IDEX 2.0 launch, it will be switching domains from IDEX.MARKET to IDEX.IO.