Ovex Raises $4M in Funding

05 Apr, 2021

Ovex Raises $4M in Funding
Photo by Diana Polekhina on Unsplash

– Ovex is a Cape Town, South Africa-based cryptocurrency exchange platform specializing in OTC trading and arbitrage, offering South Africa’s largest selection of digital asset markets.
– The company raised $4m in funding.
– The round was led by Quantitative cryptocurrency trading firm Alameda Research,  developer of  FTX, a crypto derivatives exchange.
– The company intends to use the funds to expand into Dubai, Nairobi, Quebec, and London, as well as Lagos when the Nigerian central bank loosens its cryptocurrency ban.

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