Trading firm Raven secured a strategic investment from Coinbase Ventures and CMCC Global at a $90 million pre-money valuation, CNBC reported. The investment amount was not disclosed. Founded in 2023 by former Wintermute employees Petar Kostov, Yuriy Myronovych and Ivaylo Kirilov, Raven initially provided crypto-trading liquidity before expanding into prediction markets in the second quarter of 2025. The firm continuously posts buy and sell quotes and has priced more than 3,000 prediction-market contracts across sports, crypto, macroeconomics and entertainment, including on Kalshi and Polymarket. Raven says it provides liquidity across more than 30 venues, including Binance, Coinbase, OKX and Gemini Predictions, using proprietary low-latency trading systems to support market depth and execution. The firm says it will not issue a cryptocurrency token.