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Funding
ELFi receives undisclosed strategic investment from KuCoin Ventures
Decentralized Finance (DeFi)
May 20, 2024
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Decentralized Finance (DeFi)

Decentralized Finance (DeFi)

May 20, 2024

ELFi receives undisclosed strategic investment from KuCoin Ventures

Funding

  • ELFi, a crypto-derivatives trading platform, has received an undisclosed amount in a strategic investment from KuCoin Ventures, the venture capital arm of crypto exchange KuCoin.

  • The companies also entered a partnership, which enabled KuCoin to add ELFi's trading solutions to its portfolio of solutions.

  • ELFi offers a decentralized trading platform that enables users to buy and sell a number of cryptocurrency derivative products. It features a range of trading solutions for individual and institutional investors, including cross-margin and isolated models for multi-asset trading. Moreover, it enables users to earn passive income from their crypto holdings via stablecoin liquidity pools, liquid staking derivative (LSD) re-collateralized liquidity pools, and staking. 

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