Following Rift’s November 8 announcement, the Paradigm-backed funding aims to accelerate native Bitcoin trading on Ethereum and other networks, bolstering cross-chain accessibility and interoperability.
Rift, a peer-to-peer Bitcoin trading protocol, announced on November 8 an $8 million investment from cryptocurrency venture capital firm Paradigm. The official release states the funds will be directed toward enabling native Bitcoin trading on Ethereum and multiple other blockchain platforms, with the objective of improving user access and enhancing cross-chain interoperability.