Xena Exchange, a startup crypto-asset trading platform, announced today it has completed a $3 million Series A round of financing led by Klever Internet Investments. The newly raised funds will bolster the company’s focus on team expansion, marketing efforts, and accelerate product development.
The Xena Exchange team is made up of a group of industry professionals with experience from top-notch investment banks such as J.P. Morgan, Deutsche Bank, UBS, and more. In 2017, the company has received its initial funding from angel investors to launch operations, and has since focused on developing its cryptocurrency trading platform.
“Cryptocurrency trading platforms currently existing on the market are not built with knowledge of financial markets and tools. These platforms remain far from traditional stock exchanges in terms of the functionality demanded by professional market participants. Active traders require smarter tools for proﬁt extraction, lower commissions, a variety of order types and segregated funds. Our team knows what professional traders need, how they think, what works best in trading, and how to effectively launch these tools and services. Xena Exchange’s platform offers unique features for professional traders, including Positions and P&L calculation, high rebates for market makers, low latency trading, and trend analytics. These tools are set to be bolstered by a professional desktop trading terminal and synthetic instruments by the end of the year. We are proud to be recognized as a reliable partner able to meet the high standards set by investors like Klever Internet Investments“.