Decentralized Perpetual Exchange Antarctic Exchange Raises $7 Million

Singapore-based decentralized perpetual exchange Antarctic Exchange has raised $7 million at a $70 million valuation. Investors include Valisa Capital Markets, Lucidity Capital, Republic Crypto, and various proprietary traders. The platform, which provides tools similar to centralized exchanges for retail derivatives traders, was founded by former executives from OKX, Binance, and MEXC.