Clipper, a decentralized trading platform, raised $21 million, led by Polychain Capital
Crypto trading platform developer Shipyard Software has raised $21 million to build a decentralized trading platform called Clipper, Blockbeats reported. Polychain Capital led a $4 million round of equity financing, including 0X Labs, 1Inch, Defi Alliance, and Quantstamp. The remaining $17 million could be invested strategically in Polychain, Nascent and Three Arrows Capital. The company said it would use its new fund to further develop Clipper and increase the exchange's liquidity pool.
On June 30, Shipyard Software launched its first trading platform, Clipper, which it says it hopes will provide a better service and trading experience for retail investors.