Coinbase Ventures has invested in the decentralised trading platform through the purchase of its native tokens.
Australia-based decentralised trading platform developer Synthetix has received $12m from investors including Coinbase Ventures, the corporate venture capital arm of cryptocurrency trading platform developer Coinbase, according to Coindesk.
Cryptocurrency-focused investment firm Paradigm and venture capital firm IOSG Ventures also participated in the round. The consortium invested in the company by purchasing its tokens rather than supplying capital directly to Synthetix’s executive team.
Synthetix operates an Ethereum-based digital platform for trading synthetic assets that represent the shifting values of fiat currencies,…
