TechFlow News, May 20: According to Fortune, Variational, an on-chain derivatives trading protocol, announced today the completion of a $50 million Series A funding round led by Dragonfly Capital, with participation from Bain Capital Crypto and Coinbase Ventures.
Variational states that its platform aggregates liquidity from major cryptocurrency exchanges and traditional financial market makers—rather than relying on order-book matching—to provide deeper liquidity for real-world assets such as oil and commodities on-chain. Its perpetual futures trading application, Omni, is currently invite-only; the company plans to open it to the public in select jurisdictions and expand both its liquidity partnerships and the range of tradable assets.
Add to Favorites
Share to Social Media
