HTX Ventures Announces Investment in Vanilla Finance to Build the Telegram DeFi Ecosystem
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HTX Ventures Announces Investment in Vanilla Finance to Build the Telegram DeFi Ecosystem
HTX Ventures, the global investment arm of cryptocurrency exchange HTX (formerly Huobi), announced a strategic investment in Vanilla Finance.
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To drive innovation and development in the blockchain ecosystem, HTX Ventures, the global investment arm of cryptocurrency exchange HTX, has announced a strategic investment in Vanilla Finance. Known for enabling users to own Bitcoin at low cost, Vanilla Finance recently achieved remarkable success through collaborations with Scroll and Bitlayer, reaching a trading volume of 3 billion USDT within 70 days of launch and attracting over 500,000 users.
Designed specifically for Telegram users, Vanilla Finance integrates play-to-earn mechanics and transaction mining to make cryptocurrency trading both convenient and engaging. The platform offers simplified derivatives trading, real-time settlement, and leveraged financial products directly within Telegram, leveraging the app’s massive user base to promote widespread Web3 adoption.
Recently, Vanilla Finance formed strategic partnerships with two popular Telegram games, Catizen and NotCoin. It has also attracted investments from leading venture capital firms including HTX Ventures, UOB Ventures, Paper Ventures, ABCDE Labs, Open Space, and Y2, along with core founders from projects such as Scroll, Step’N, and XAI. With this funding round, Vanilla Finance is advancing its vision of making cryptocurrency and trading accessible to everyone.
A managing partner at HTX Ventures said: “Vanilla Finance provides users with low-cost access to the crypto market, allowing them to own Bitcoin for as little as $10. This feature perfectly aligns with user demand. We are excited about our collaboration with Vanilla Finance and look forward to making financial services more convenient and efficient through one of the world’s most popular messaging platforms.”
Michael Cameron, Chief Marketing Officer and Co-founder of Vanilla Finance, said: “Our partnership with HTX Ventures is not only a strategic move for Vanilla Finance but also an important step toward transforming decentralized finance. HTX Ventures’ expertise in nurturing innovative blockchain projects strongly aligns with our vision of democratizing financial markets. We are thrilled to have their support, which will help unlock new possibilities in the DeFi space.”
To celebrate its launch on Telegram, Vanilla Finance will run a special promotional event for Genesis members from September 3 to September 10, 2024. Members can earn more Cone by participating in activities such as trading and sharing. Cone is one of the key metrics used to determine eligibility for token airdrops.
About Vanilla Finance
At the forefront of the DeFi revolution, Vanilla Finance has become the leading exchange on Telegram. The platform has drawn attention and investment from prominent investors, underscoring its innovative spirit and mission to popularize DeFi. Vanilla Finance is more than just a DeFi platform—it’s a movement to bring crypto trading and decentralized finance to the masses, giving everyone the chance to own one Bitcoin for just $10.
About HTX Ventures
HTX Ventures is the global investment division of HTX (formerly Huobi), integrating investment, incubation, and research to identify the brightest and most promising teams worldwide. As an industry pioneer with over eleven years of experience, HTX Ventures excels at identifying cutting-edge technologies and emerging business models in the blockchain space. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including fundraising assistance, resources, and strategic guidance.
HTX Ventures currently supports over 300 projects across multiple blockchain sectors, with select high-quality projects already listed on the HTX exchange. Additionally, as one of the most active FOF (fund-of-funds) investors, HTX Ventures invests in 30 top-tier global funds and partners with leading blockchain investment firms such as Polychain, Dragonfly, Bankless, Gitcoin, Figment, Nomad, Animoca, and Hack VC to jointly build the blockchain ecosystem. Visit us.
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