According to PopDEX, the $30 million raise will support liquidity, trading depth, capital efficiency, product development, and team and market expansion as the platform remains in internal testing.
PopDEX announced a $30 million financing round led by Foresight Ventures. The decentralized perpetual futures trading platform said the capital will be used for initial liquidity, trading depth, capital efficiency, product development, and team and market expansion. The company also said the platform is currently in internal testing, indicating it remains in a pre-launch stage while building out operations and market infrastructure.