KuCoin Ventures has invested in ELFi, a decentralized derivatives trading platform provider situated in Victoria, Seychelles.
The deal’s total value was not made public.
Use of funds
The money will be used by the business to increase operations and development initiatives.
About KuCoin
Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform focused on inclusiveness and community action reach, it offers over 700 digital assets. Currently, it provides Spot trading, Margin trading, P2P fiat trading, Futures trading, staking, and lending to its 30 million users in over 200 countries and regions.
About ELFi
Delivering trading features is the main goal of ELFi, a decentralized derivatives trading platform. In the context of the P2Pool model, it enables Portfolio Margin and has an advanced risk management system that allows contracts with different risk levels to be listed. Furthermore, ELFi presents novel designs for liquidity pools, including the first-ever zero-risk stablecoin liquidity pools and LSD re-collateralized liquidity pools.
