FILE PHOTO: Representation of cryptocurrency bitcoin is seen in this illustration taken November 29, 2021. REUTERS/Dado Ruvic/Illustration
NEW YORK (Reuters) - The Incentive Ecosystem Foundation (IEF) said on Friday it has raised $100 million for Serum, a decentralized exchange and platform, to help expand its network and position it as a core liquidity infrastructure provider.
As a decentralized exchange, Serum provides the underlying liquidity infrastructure for applications built on the Solana blockchain. IEF, meanwhile, supports development and applications on Serum.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
