Orderly Network secures funding from India’s CoinDCX Ventures
Nassau, Bahamas, 28th March, 2023, Chainwire
Orderly powering the next phase of evolution in the DeFi/DEX space
Orderly Network, a permissionless, decentralized trading infrastructure, has raised funds from CoinDCX Ventures, the investment arm of India’s leading and most valued crypto company, CoinDCX.
Speaking on the investment, Arjun Arora, COO, Orderly Network, said, “We are thrilled to have India’s leading crypto exchange as an investor in Orderly. Decentralized Finance (DeFi) is rapidly evolving and Orderly Network strives to fulfill the needs of institutional clients by providing infallible access to digital assets.” He further added, “Orderly Network is primed to supercharge a spot and perpetual futures orderbook DEX, which will eventually benefit DeFi platforms such as Okto and create unique trading/investing experiences for their users. Self-custody, and transparency, alongside CeFi-style execution, are the strengths of Orderly Network’s product line. We are excited about the Indian market given its growing appetite for digital assets, as institutions look for robust DEX platforms to build on and are again thrilled by the show of support CoinDCX Ventures”
Rohit Jain, MD, CoinDCX Ventures, said, “We are pleased to invest in Orderly Network and strengthen our commitment towards the advancement of the web3 and DeFi ecosystem. Orderly Network is building an order book-based decentralized exchange which we believe is the next step in the evolution of decentralized exchanges, providing an enhanced trading experience to customers in a DeFi environment. We are committed to the Web3 ecosystem and will continue to invest in the technology to enable wider adoption.”
Incubated in October 2021 through a joint partnership between the top 10 most trusted crypto exchange WOO Network, and NEAR, a leading public layer-1 blockchain for a wide array of decentralized applications (dApps), Orderly Network offers centralized finance-level trading infrastructure by leveraging WOO Network’s experiences in building trading platforms and decentralized exchanges.
CoinDCX is the latest investment in Orderly Network after Laser Digital, the cryptocurrency subsidiary of Japanese banking giant Nomura, invested in it in December 2022, and Sequoia China, Pantera Capital, Dragonfly, and Jump Crypto invested in it in June 2022.
About Orderly Network
Orderly Network is a permissionless, decentralized trading protocol. With the mission to create the most robust liquidity layer infrastructure for any dApp to utilize and build on, Orderly Network offers market-leading execution with low latency, minimal fees, and access to ample liquidity options. For more information, visit Orderly Network’s website.
About CoinDCX
CoinDCX is India’s leading crypto exchange with a mission to create a robust Web3 ecosystem for global customers from India. As a leading crypto exchange, it serves over 15 million users and has recently forayed into offering DeFi services through the Okto wallet app for users worldwide. Built with user experience and security in mind, CoinDCX offers its users innovative products and features. The projects on the platform are listed only after appropriate due diligence through its 7 M principles – a stringent evaluation framework. CoinDCX serves to strengthen innovation within the Web3 ecosystem through CoinDCX Ventures, enhances crypto education through DCX Learn, and continues to be a leading player in India’s crypto industry, furthering crypto trading experience through safety and compliance on the CoinDCX app.
Recognized and awarded for its contribution to the Indian emerging tech space, CoinDCX is backed by investors such as Pantera, Steadview Capital, Kingsway, Polychain Capital, B Capital Group, Bain Capital Ventures, Cadenza, Draper Dragon, Republic, Kindred, Coinbase Ventures. CoinDCX is ISO Certified and KYC/AML compliant.
For more information, visit https://coindcx.com/
