Subscribe to Our Newsletter
Saturday July 02, 2022
Bitcoin (BTC) $19,297.23   Ether (ETH) $1,063.12
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
No Result
View All Result
Easily Swap USDT (TRC20) & More
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
CryptoNinjas
Home Capital Raising

SIBEX raises CHF 1.78 million to develop its P2P crypto trading network

Published by CryptoNinjas.net
10/24/2019
SIBEX raises CHF 1.78 million to develop its P2P crypto trading network

SIBEX AG, the developer of a peer-to-peer (P2P) network removing intermediaries from digital asset financial markets, today announced that it has raised CHF 1.78 million (€1.61 million) in a seed funding.

The company received backing from China-based Fenbushi Capital; SIX, the Swiss financial infrastructure provider; and specialist blockchain investment Accomplice VC, among others.

SIBEX

The SIBEX peer-to-peer protocol and the SIBEX client leverage blockchain technology to remove intermediaries and enables professionals to trade popular crypto-assets with one another directly.

Traders will be able to choose between assets including bitcoin, ether/ERC20 tokens, and USDT. The SIBEX client allows users to trade peer to peer and maintain custody of their assets during trades.

“People are rapidly realizing the value of trading digital assets, resulting in an inevitable shift towards the digitization of wealth. However, we’re still at an early stage in the development of this technology and the resulting lack of infrastructure for OTC trades can present issues that alienate institutional investors used to a certain quality of service. SIBEX is committed to solving the problems that exist while also exposing professional traders to a new world of trading strategies and opportunities. The support of Fenbushi Capital, SIX, Accomplice, and our other investment partners is invaluable in helping us to achieve this goal.”
– Daniel Haudenschild, CEO of SIBEX

By providing an institutional-grade dark pool for digital asset procurement and liquidation and enabling cross-chain transactions, the SIBEX protocol solves issues such as front-running, whereby those with advance knowledge of a large buy or sell order can manipulate the price of the asset and make a profit.

“We’re reaching a tipping point for institutional investor interest in digital assets trading. The right infrastructure for securely and privately trading large block orders is a vital piece of the puzzle, and the SIBEX protocol is the perfect solution to fill that space. We’re extremely excited to partner with SIBEX and assist in bringing the opportunities that this platform represents to traders around the globe.”
– Bo Shen, Founding Partner, Fenbushi Capital

53
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Alpha Sigma Capital, DigiFinex, BitMart, Emirex and Everest join EmiSwap’s DAO

03/08/2021
Alpha Sigma Capital, DigiFinex, BitMart, Emirex and Everest join EmiSwap's DAO

EmiSwap is the first product in the ecosystem of EmiDAO, an autonomous DAO designed with new ideas and advancements in DeFi. With the ESW governance token at the heart of the ecosystem, EmiDAO enables 100% of projects'...

Read more

Fenbushi Capital launches $15M+ investment fund for Filecoin and IPFS ecosystem

01/11/2021
Fenbushi Capital launches $15M+ investment fund for Filecoin and IPFS ecosystem

China-based blockchain investment firm Fenbushi Capital, today announced it has launched the Fenbushi Ecosystem Fund, a new investment fund designed to drive the continued growth of applications under development on the world's largest decentralized storage...

Read more

Fenbushi Capital invests in blockchain smart legal contract platform Jur

08/20/2019
Jur

Jur, a blockchain-based ecosystem providing trust solutions in the legal and justice industries for any business-related circumstances, announced that Fenbushi Capital, a blockchain-focused venture capital firm in China, has made a significant investment in the...

Read more

Bitmex Ventures and Fenbushi Capital lead funding round in Edge crypto wallet

08/15/2019
Edge crypto wallet

Edge, a cryptocurrency wallet application ecosystem, has launched a new funding round on investment platform BnkToTheFuture, it is being led by Bitmex Ventures and Fenbushi Capital. Non-US investors from all over the world can...

Read more
Load More

Discussion about this post

Where to Exchange

Crypto services suite in Spanish Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
America's first regulated bitcoin exchange Visit
  • Trending
  • Latest
Cardano asset trading platform Tent integrates COTI stablecoin DJed

Cardano asset trading platform Tent integrates COTI stablecoin Djed

06/29/2022
vlists new USDT-based spot markets in DAI, ADA, AVAX,  LTC, FTT, LINK, and FTM

MoonXBT adds new USDT spot markets in DAI, ADA, AVAX,  LTC, FTT, LINK, and FTM

06/30/2022
Fintech services platform Colendi acquires enterprise blockchain company SETL

Fintech services platform Colendi acquires enterprise blockchain company SETL

06/27/2022
Router Protocol launches its modular cross-chain bridge: Voyager

Router Protocol launches its modular cross-chain bridge: Voyager

06/29/2022
vlists new USDT-based spot markets in DAI, ADA, AVAX,  LTC, FTT, LINK, and FTM

MoonXBT adds new USDT spot markets in DAI, ADA, AVAX,  LTC, FTT, LINK, and FTM

06/30/2022
Asian crypto technology solutions firms ChainUp and HS88 team up to grow market

Asian crypto technology solutions firms ChainUp and HS88 team up to grow market

06/30/2022
Societe Generale – FORGE selects METACO to manage blockchain asset capabilities

Societe Generale – FORGE selects METACO to manage blockchain asset capabilities

06/30/2022
Cardano asset trading platform Tent integrates COTI stablecoin DJed

Cardano asset trading platform Tent integrates COTI stablecoin Djed

06/29/2022
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy