Three Arrows Capital and Alameda Research Invest in DEX Orderly Network

Reading Time: < 1 minute

Orderly Network, a NEAR-powered decentralized exchange, has raised $20M from strategic investors.

The participants of the round include Three Arrows Capital, Pantera Capital, Dragonfly Capital, Sequoia China, Jump Crypto, Alameda Research, GSR Ventures, MetaWeb.VC and other companies.

The project was founded in 2017 and passed the NEAR and WOO Network incubators. With the help of the latter, the startup launched the first decentralized application in the form of a trading platform user interface.

Orderly Network offers spot trading, margin trading, perpetual swaps, and a lending service.

The startup will use the funds to hire new employees, expand its product line and improve existing ones.