Ostium Labs has landed a $20 million Series A funding spherical led by Jump Crypto and Common Catalyst. Different traders embody Wintermute Ventures, Coinbase Ventures and Crucible Capital. Whereas not included within the present spherical, it mentions one other market maker, GSR, as an current investor. The corporate developed the Ostium Protocol, which offers self-custodial perpetual futures for commodities, international change, shares and crypto, however the overwhelming majority of exercise pertains to actual world belongings (RWA).
Ostium claims to have supported $25 billion in cumulative quantity, together with $5 billion in steel buying and selling. Open curiosity on the protocol is a extra modest $159 million, with the highest open contracts for Gold, Silver, EUR/USD, Copper and the Nasdaq 100, in that order.
“Since Ostium’s earliest days, our thesis has been that the worldwide CFD (contracts for distinction) dealer market will likely be disrupted by DeFi,” mentioned Kaledora Kiernan-Linn, co-founder and CEO of Ostium. In an announcement, Ostium Labs criticized CFD brokers and unfold betting platforms, implying that they impose hidden charges or freeze accounts when a place turns into too worthwhile.
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