World’s Leading DeFi And CeFi Aggregator OpenOcean Announces Strategic Investment By Huobi Ventures


OpenOcean, the world’s leading decentralized and community-driven cryptocurrency aggregator, has announced today that it has secured a strategic investment from Huobi Ventures and is now officially listed on Huobi Pro, the leading global digital asset exchange.

One of the most exciting developments in the fintech and blockchain space in 2017 was the emergence of decentralized applications, or dApps, as they’re commonly known. These dApps have taken advantage of the Ethereum network’s smart contracts — the same technology that underpins the popular digital currency bitcoin — to create new services that utilise distributed ledger technology in novel ways.

Open Ocean, a leading decentralized exchange aggregator, announced today that they have received strategic investment from Huobi Ventures, one of the world’s leading blockchain venture capital firms and incubator.. Read more about ocean exchange and let us know what you think.

World’s Leading DeFi And CeFi Aggregator OpenOcean Announces Strategic Investment By Huobi Ventures

Tortola, British Virgin Islands, 5. July 2021

OpenOcean, a pioneering aggregator that supports interoperability across multiple networks, is pleased to announce a strategic investment from Huobi Ventures Blockchain Fund.

After receiving the investment, OpenOcean will work closely with the Huobi Global ecosystem to implement innovative solutions that connect DeFi and CeFi. The new solutions will benefit users through increased capital efficiency and the benefits of improved trading strategies.

Huobi’s investment comes after OpenOcean surpassed 200,000 active unique addresses with over 730,000 total transactions, representing approximately USD 2 billion in cumulative transaction volume since its launch in Q3 2020.

Huobi Ventures is a subsidiary of Huobi Group, a leading global blockchain company supporting innovative blockchain projects through long-term strategic investments.

In March 2021, OpenOcean raised $2 million from a group of investors led by Binance. Multicoin Capital, CMS Holdings, Kenetic, MarketAcross, LD Capital and Altonomy participated in this round.

Commenting on the strategic investments, Cindy, co-founder of OpenOcean, said: The major exchanges that build both DeFi and CeFi are investing in OpenOcean because of the value we bring as the first aggregator to connect these two previously isolated worlds. We now have what we believe to be the best possible group of investors to help us develop our innovative products and ecosystem.

OpenOcean has successfully merged large DEX on BSC, ETH, ETH Layer2, TRON and SOL. The company is also integrating other DeFi protocols, including Polygon.

Going forward, OpenOcean will offer derivatives, credit and insurance products, combined margin products, return products and smart wealth management services.

About OpenOcean

OpenOcean is a universal blockchain aggregation protocol that serves as a bridge between DeFi and CeFi. It removes the fragmentation that exists in the DeFi ecosystem and gives users access to the entire crypto-currency market through a single, easy-to-use interface. Users have full access to aggregate liquidity and best prices from a variety of centralized and decentralized exchanges.

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OpenOcean is the world’s leading decentralised digital asset (DaaS) and blockchain exchange aggregator, with over 2.5m DaaS DApps globally. The Exchange Aggregator is the first of its kind, enabling DApps developers and users to benefit from a single, unified exchange for DaaS projects. Huobi Ventures has invested $2 million into the company as part of the Series A round.. Read more about opensea bsc and let us know what you think.

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