The cryptocurrency trading platform Pear Protocol has completed a $4.1 million strategic financing round, led by Castle Island Ventures

cryptocurrency trading platform Pear Protocol announced the completion of a $4.1 million strategic financing, led by Castle Island Ventures, with participation from Compound VC, Florin Digital, and Sigil Fund.

According to Web3 asset data platform RootData, Pear Protocol is a decentralized arbitrage trading platform that allows users to create leveraged long and short positions on different assets. Arbitrage trading refers to investors being able to short one asset while simultaneously going long on another asset.