AscendEX, a global cryptocurrency financial platform with a full suite of products, is proud to participate in Soveryn’s latest investment round. AscendEX, along with several leading investment partners in the industry, including Pomp Investments, see the tremendous potential that Soverin has to become a leader in the DeFi space.
Sovryn, the Bitcoin-based decentralized finance (DeFi) protocol, has accepted a $ 9 million investment proposal from a consortium of partners, including AscendEX. se investors were reviewed for their strategic input and led by Anthony Pompliano’s Pomp Investments. se market players will bring their reputations and balance sheets to the business aspects of the Sovryn project and, over time, will seek to create software that is adopted and integrated with the Sovryn protocol.
Sovryn is the world’s first BTC application that will allow users to access decentralized operations and Bitcoin loans. Sovryn saw excitement and anticipation grow throughout 2021 when it announced investments from Anthony Pompliano, Collider Ventures, Greenfield One, Monday Capital, Cadenza Ventures, Blockware Solutions and others. Its native token is currently being traded on the Sovryn app, with new locations to be announced in the coming weeks.
AscendEX team is dedicated to helping Sovryn support the ever-growing ecosystem of digital assets. Shane Molidor, Head of Global Business Development for AscendEX, said: “As a centralized exchange, it is important to always think outside the box. We believe that decentralized finance continues to grow and Sovryn is a unique project that incorporates Defi protocols to Bitcoin. At AscendEX we continue to strive to be that link between the centralized and the decentralized world.
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Sovryn provides the tools to trade, lend and exploit Bitcoin and other assets without authorization and within a system protected by the Bitcoin blockchain. Sovryn is a trading interface designed exclusively for Bitcoin’s native DeFi protocols with no transaction limits and with multiple resources available to operate. Sovryn is the world’s first BTC application that will allow users to access decentralized operations and Bitcoin loans.
“Sovryn is an ambitious project with the goal of bringing decentralized finance to the world’s leading decentralized monetary asset – Bitcoin. This is the next important step in the evolution of Bitcoin, allowing hodlers to trade, lend, and borrow Bitcoin without authorization, without relying on centralized intermediaries or altcoins. Sovryn continues to expand its reach by partnering with industry leaders, including AscendEX, ”said Elan Nahari, one of Sovryn’s key contributors.
AscendEX (formerly BitMax) is a global cryptocurrency financial platform with a comprehensive product suite that includes locating, trading and futures trading, portfolio and stake support services for more than 150 blockchain projects such as bitcoin, ether, and ripple. Launched in 2018, AscendEX serves more than 1 million retail and institutional clients worldwide with a highly liquid trading platform and secure custody solutions.
AscendEX has become a leading ROI platform in its “Initial Exchange Offerings” by supporting some of the industry’s most innovative projects in the DeFi ecosystem, such as Thorchain, xDai Stake and Serum. AscendEX users receive exclusive access to airdrops tokens and the ability to purchase tokens as soon as possible.
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To learn more about how AscendEX is leveraging best practices from Wall Street and the cryptocurrency ecosystem, visit:
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Sovryn is the world’s first BTC application that will allow users to access decentralized operations and Bitcoin loans. Sovryn is built on the Rootstock (RSK) platform, which is a Bitcoin sidechain compatible with the Ethereum virtual machine that can support the smart contract protocol.
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