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DeFi, CeFi and institutions: AscendEX’s $50M raise highlights ambitions beyond exchange business
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Global cryptocurrency and financial platform AscendEX recently concluded a $50 million Series B fundraiser that was backed by some of blockchain’s biggest venture funds, putting the company on track to bridge the gap between centralized finance and the budding world of DeFi. In an exclusive interview with Cointelegraph, AscendEX’s head of business development Shane Molidor and Wes Kaplan, the platform’s director of marketing and operations, talked about the company’s growing value proposition beyond the crypto exchange business and highlighted the role of institutional investors in fueling innovation in the industry.
AscendEX’s Series B was led by Polychain Capital and Hack VC, with additional participation from Jump Capital and Alameda
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