Sparrow Project Introduction, Team, Financing and News

Team

Kenneth Yeo

CEO

Fundraising

Lead1100x Ventures AAmber Group AArrington Capital SSignum Capital DDu Capital FFinLab

Round	Amount	Valuation	Date	Source	Investor
M&A	--	--	Dec 15, 2022	--	AAmber Group
Series A	$ 3.5M	--	Jun 23, 2020	--	1100x Ventures SSignum Capital DDu Capital FFinLab

Details

Sparrow is a decentralized options trading platform on Ethereum, offering peer-to-peer cryptocurrency options trading. Users can create and trade customized European-style option contracts, including two roles: buying (TradePROTECT) and selling (TradeBOOST). The buyer pays a premium to obtain the right to trade an asset at a specified strike price on the expiration date; the seller collects the premium and must pledge 100% of the underlying asset as collateral, eliminating counterparty risk. The mechanism employs fully collateralized covered options to ensure performance, and options can only be exercised at expiration.

Tags:

CeFi

CEX

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Sparrow

Team

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The Crypto Projects Granted Singapore Digital Payment License