• Vertex Protocol, a decentralized exchange (DEX) for spot and derivatives trading of digital assets, has received a strategic investment from Wintermute Ventures.
• The duo will also work to “deepen each other’s ties across various business lines”, with Wintermute providing liquidity for Vertex’s exchange.
• Decentralized exchange trading volume rose in the first quarter of this year to $133.1 billion in March despite regulatory scrutiny in the US.

Wintermute Backs DEX Vertex Protocol in Strategic Investment

Vertex Protocol, a decentralized exchange (DEX) for spot and derivatives trading of digital assets, has received a strategic investment from Wintermute Ventures, the investment arm of noted liquidity provider Wintermute.

Investment Amount

The amount of the investment wasn’t disclosed and Wintermute will provide liquidity services to the decentralized exchange.

Growth Despite Regulatory Scrutiny

Decentralized exchange trading volume rose in the first quarter of this year to $133.1 billion in March despite increasing regulatory scrutiny in the United States.

Wintermute & Vertex Ties

Vertex Protocol launched in April on Arbitrum and has grown to having $21.4 million in trading volume over the past 24 hours, according to DeFiLlama data. The duo will also work to “deepen each other’s ties across various business lines,” according to a statement.

“Vertex Protocol meets the market’s growing demand for noncustodial trading solutions while also possessing the efficiency of centralized exchanges,” said Tim Wu, head of decentralized finance (DeFi) at Wintermute.

Conclusion

The investment will see both parties working together while also helping with decentralised exchanges growth despite regulatory scrutiny.

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