LN-based Kollider Exchange is Launched

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Crypto company Kollider has recently launched a derivatives exchange in the Lightning Network ecosystem after closing a $2.35 million seed round.

The firm’s investors include Castle Island Ventures, Polychain Capital, Alameda Ventures, Pfeffer Capital, OKX Ventures. The round was led by Lemniscap.

The project developers have said:

“Lightning-based exchanges allow instant deposits and withdrawals directly from your wallet.”

According to them, the functionality of the new product allows users to open long and short positions on Bitcoin, hedge risks and trade synthetic stablecoins.