Mizar Raises $3 Million in Seed Funding led by Nexo to Build Next-Generation of Trading Tools

Mizar raises $3 million to develop a trading suite for the crypto industry has announced the successful closure of its seed investment round, which raised $3 million towards developing next-generation smart trading solutions. Huobi Ventures, KuCoin Ventures, Gate Labs, MEXC, WOO Ventures, Spark Digital Capital, Shima Capital, Stakely VC, Evolve Capital, Kairon Labs, AU21 Capital, Tenzor Capital, NFT Tech, David Post, and Dean Thomas were among the investors in this round. Mizar Mizar is a next-generation trading platform that allows traders to find methods for safely allocating money and use a variety of trading instruments to put their assets in action. Mizar's objective is to provide powerful but simple-to-use trading tools to the general public. No previous trading experience is required to use smart trading tools. Kalin Metodiev, CFA, Co-Founder and Managing Partner at Nexo, said: Nexo is pleased to enter into a strategic partnership with Mizar to support the development of smart trading tools and strategies. We believe that the platform will allow even a novice crypto investor to trade with more confidence and explore new strategies, thereby enhancing the user experience during the continuous mass adoption of digital assets. Beginners who want to trade in other traders' techniques with a few clicks, investors who want to manage their portfolios with smart functionalities, and expert traders who want to automate their trades and be copied to make a passive income from their portfolio. The mission is to decrease the entrance barriers to crypto trading, enabling novices and specialists to enhance their skills. The Rise of VC Behemoths in Crypto Apart from leading Coinbase's $300 million Series E round in October 2018, digital investment firm Tiger Global Management stayed away from crypto at the start of 2018. The American investment firm mainly focuses on Internet, software, consumer, and financial technology industries. That has drastically altered in the previous fourteen months. Tiger Global is investing in crypto heavily. The US fund which manages $95 billion in assets has currently led or invested in no fewer than 35 crypto-funding rounds, a trend that shows no signs of slowing down. Tiger looks to be increasing its cryptocurrency investments and portfolio. Tiger executed five crypto agreements in each of the first three quarters of 2021, followed by 10 in the fourth quarter. With a little more than a month left in the first quarter of this year, the organisation has already made ten more investments. Tiger has been involved in $5.6 billion in crypto financing, according to Dealroom statistics, since it started investing in the industry in earnest early last year. The company's cash has been distributed pretty equally throughout the sector, although trading and brokerage businesses have reaped the most benefits, accounting for 30.6 percent of its crypto bets. The company's first web3 contract was signed in late 2021, and its first DeFi contract was signed in the first two months of this year. The increase in the activity of investment funds indicates that 2022 will be a deal-making year with lots of opportunities for blockchain startups. Disclaimer: The purpose of this article is to remove informational asymmetry existing today in our digital markets by performing due diligence, asking the right questions, and equipping readers with better opinions to make informed decisions. Catch all the breaking news, and Don’t forget to like the story! and . Image credits: Vighnesh Dudani Fahrul Azmi Disclaimer: The purpose of this article is to remove informational asymmetry existing today in our digital markets by performing due diligence, asking the right questions, and equipping readers with better opinions to make informed decisions. The writer holds Bitcoin, Ethereum, Cardano, Solana and Cosmos. The writer has a vested interest in the story.

Mizar Raises $3 Million in Seed Funding led by Nexo to Build Next-Generation of Trading Tools

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