The derivatives platform ZKX has completed a strategic financing of $7.6 million, with participation from GCR and others.

ChainCatcher news, according to BeInCrypto, the derivatives DEX ZKX based on Starknet and Ethereum has announced the completion of a new strategic funding round of $7.6 million. This round of financing was participated by Flowdesk, GCR, DeWhales, and previous investors Hashkey, Amber Group, Crypto.com, and StarkWare.

It is reported that the new funding will be used to accelerate the expansion of the ZKX protocol and introduce new features such as a social copy trade pool, as well as expand cross-chain interoperability.

According to the Web3 asset data platform RootData, ZKX is a permissionless derivatives protocol built on StarkNet, featuring a decentralized order book and a unique way of providing complex financial instruments as swaps. The protocol is supported by a DAO and will offer a better trading experience through gamified leaderboards and unique liquidity governance.