UXUY completes $7 million Pre-A round of financing, with participation from institutions such as Binance Labs and Bitcoin Magazine

On May 9th, UXUY, the next-generation decentralized multi-chain trading platform incubated by Binance Labs, announced the completion of 7 million US dollars Pre-A round of financing, and its total financing amount has exceeded 10 million US dollars since its establishment. UXUY is an important builder of the Bitcoin ecosystem. More than 100,000 traders use Bitcoin Lightning Network services through UXUY.
UXUY received funding from Binance Labs, UTXO Management (Bitcoin Magazine), JDI Ventures, Bixin Ventures, SWC Global, Matrix Partners, CMS Holdings, Dewhales Capital, Comma3 Ventures, Satoshi Labs, YBB Capital, GBV Capital, Web3 Vision, Pentos Ventures, NGC Ventures, Alti5, Metalpha, GSR, and other well-known institutions in Asia, North America, and Europe.
The funds raised by UXUY in this round will be used for the construction of the Bitcoin ecosystem infrastructure, and will be dedicated to promoting efficient and low-cost transactions of assets such as Lightning Network Taproot Assets, Ordinals BRC-20, and Runes Runes.