The crypto exchange C3 has raised $6 million in seed funding led by Two Sigma Ventures, the venture-capital arm of the hedge fund Two Sigma Investments.
A long list of traditional hedge funds and trading firms also invested, including Jane Street Capital, Hudson River Trading, Flow Traders, Jump Capital, and GoldenTree Asset Management, as well as the crypto-native trading firms CMS Holdings, AlphaLab Capital, and Cumberland, a division of DRW. The crypto-focused VC firm C2 Ventures also participated.
C3 lets retail investors keep custody of their crypto while giving traders sophisticated tools. Cofounder Michel Dahdah told Insider he's aiming to fix the flaws that led to FTX's collapse.
(By April Joyner)
All Comments