Decentralized perpetual contract exchange Antarctic Exchange completes $7 million financing

According to Dealroom, the decentralized perpetual contract exchange in Singapore, Antarctic Exchange, has completed a $7 million financing round, with a valuation of $70 million. Investors include Valisa Capital Markets, Lucidity Capital, and Republic Crypto, as well as proprietary traders who are entering the crypto asset space for the first time.

The platform is aimed at retail derivatives traders, providing tools similar to centralized exchanges. The founding team consists of former executives from OKX, Binance, and MEXC.