According to an email to CoinQuora, OpenOcean will use the funds to build its full aggregation system. This will draw in mainstream products from both centralized and decentralized exchanges. Also, OpenOcean is pushing to grow its user base, a move that will help boost its market liquidity.
CMS Holdings Partner Bobby Cho believes that aggregators like OpenOcean play a critical role. Cho noted that aggregators help bridge “fragmentation hurdles traders face today”.
In addition, OpenOcean currently supports Ethereum, Binance Smart Chain, TRON, and Ontology trading. The exchange will also be soon adding Solana, Polkadot, and Layer 2 solutions.
Of note, the exchange will offer price comparisons for leading CEX and DEX exchanges. Thus, the exchange will enable investors to make well-informed decisions. In fact, they will be able to gain maximum profits thanks to the exchange’s fee-free protocol.
Multicoin Capital Partner Mable Jiang noted,
OpenOcean is a crypto exchange aggregator with four versions, namely Indian Ocean, Pacific Ocean, Atlantic Ocean, and OpenOcean. The exchange will offer both CEX and DEX products like derivatives, combined margin products, yield products, lending, insurance, and wealth management.
This article first published on coinquora.com
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Source: Cryptocurrency - investing.com
