UXUY completes $7 million Pre-A round financing, with participation from institutions such as Binance Labs and Bitcoin Magazine

ChainCatcher news, May 9, Bitcoin Asia 2024 kicks off, and the next-generation decentralized multi-chain trading platform UXUY, incubated by Binance Labs, announced the completion of a $7 million Pre-A round of financing in Hong Kong. Since its establishment, its total financing amount has exceeded $10 million. UXUY is an important builder in the Bitcoin ecosystem, with over 100,000 traders using Bitcoin Lightning Network services through UXUY.
This round of financing for UXUY was supported by well-known institutions from Asia, North America, and Europe, including Binance Labs, JDI Ventures, UTXO Management (Bitcoin Magazine), Bixin Ventures, SWC Global, Comma3 Ventures, CMS Holdings, Matrix Partners, Satoshi Labs, Dewhales Capital, YBB Capital, GBV Capital, Web3 Vision, Pentos Ventures, Absoluta Digital, PAKA, DefinanceX, Dreamlabs, Greythorn Asset Management, NGC Ventures, Longrun Capital, Metalpha, GSR, and others.
The funds raised in this round will be used for the construction of Bitcoin ecosystem infrastructure, focusing on facilitating efficient and low-cost transactions of assets such as Lightning Network Taproot Assets, Ordinals BRC-20, and Runes.
UXUY co-founder Jordan stated, "We are excited to become strategic partners with all the investors! This year, we successfully built a bridge between the Bitcoin Lightning Network and the multi-chain ecosystem. UXUY will continue to promote the use cases and adoption of the Lightning Network in trading scenarios, contributing more to the Bitcoin ecosystem."