TechFlow news, December 11 — According to Fortune, cryptocurrency startup LI.FI announced a $29 million funding round led by Multicoin and CoinFund, bringing its total funding to $52 million. The company provides fintech firms with cross-blockchain price comparison and transaction route optimization services, enabling efficient asset transfers across different blockchains. LI.FI has established partnerships with over 800 companies, including Robinhood, Binance, and Kraken, achieving a monthly trading volume of $8 billion. The company plans to use the new funds to expand into areas such as perpetual futures, yield opportunities, and lending markets, as well as to grow its workforce.
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