HTX Ventures invests in BSX to advance DeFi infrastructure development on Base
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HTX Ventures invests in BSX to advance DeFi infrastructure development on Base
HTX's global investment arm, HTX Ventures, recently announced a strategic investment in the BSX exchange.
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TechFlow — HTX Ventures, the global investment arm of cryptocurrency exchange HTX (formerly Huobi), has recently announced a strategic investment in BSX Exchange. BSX is a non-custodial, Central Limit Order Book (CLOB)-based perpetual decentralized exchange built on the Base network.
Since its launch in April this year, BSX has achieved over $4.5 billion in trading volume and recently surpassed $1.3 million in revenue. Currently, BSX offers both spot and derivatives trading services. With a recently completed $4 million seed funding round, BSX plans to further expand its product offerings. The platform boasts a high-performance trading engine with ultra-low latency of 10 milliseconds and support for up to 1000x leverage.
In the coming months, BSX plans to launch several new products, including a spot aggregator, yield-generating products, and staking services. Additionally, the company intends to build a Layer 3 network on Base to optimize on-chain order book performance for BSX. Looking ahead, BSX also plans to introduce proprietary trading games and an NFT collection to attract more users into the Base and BSX ecosystems.
A managing partner at HTX Ventures said: “BSX leverages the Base ecosystem, which has over 110 million verified users globally. By providing strong liquidity infrastructure for this ecosystem, BSX holds significant growth potential. BSX serves a broad traditional finance user base, and HTX Ventures is excited to support this onboarding journey into Web3.”
The BSX team stated: “We are committed to building a foundational pillar within the DeFi ecosystem. By launching on Coinbase’s Base Layer 2 network, we can fully benefit from Coinbase’s massive user base as they transition toward on-chain and DeFi applications. Our vision is to create an integrated platform encompassing BSX Trade, BSX Earn, and BSX 1000.”
About BSX
BSX is a decentralized derivatives trading platform built on the Base network, offering perpetual contracts with up to 1000x leverage and spot markets. The platform is backed by Blockchain Capital and the Base Ecosystem Fund and advised by renowned financial expert Arthur Hayes.
About HTX Ventures
HTX Ventures is the global investment arm of HTX, integrating investment, incubation, and research to identify the world’s most talented and innovative teams. As an industry pioneer with over 11 years of blockchain development experience, HTX Ventures excels at identifying cutting-edge technologies and emerging business models in the space. To drive 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 HTX. Additionally, as one of the most active FOF (Fund of Funds) investors, HTX Ventures invests in 30 top-tier global funds and collaborates with leading blockchain firms such as Polychain, Dragonfly, Bankless, Gitcoin, Figment, Nomad, Animoca, and Hack VC to co-build the blockchain ecosystem. Visit us.
For investment and partnership inquiries, please contact [email protected]
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