Primex Finance
Operates in the economy and business areas segments, mainly aimed at Capital, Financial and Real Estate Businesses.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
* | $5.7m | Seed | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 52 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
Related Content
Primex Finance is a pioneering startup in the decentralized finance (DeFi) sector, offering a unique platform for leveraged spot trading on decentralized exchanges (DEXs). The company caters to traders, lenders, and keepers, providing a seamless and accessible trading experience. Primex Finance operates in the DeFi market, which is known for its decentralized and open financial services, free from traditional banking constraints.
Primex Finance's business model revolves around its non-custodial protocol, which means users retain control of their digital assets rather than handing them over to a third party. This protocol allows traders to borrow liquidity and amplify their trading positions without the need for overcollateralization, which is the practice of providing more collateral than the loan amount to secure a loan. By integrating with multiple DEXs, Primex Finance offers traders access to a wide variety of assets for leveraged spot trading, enhancing their trading opportunities.
The platform is EVM (Ethereum Virtual Machine) compatible and operates across multiple blockchain networks, aggregating liquidity pools to optimize the trading experience. This cross-chain capability ensures that traders can access diverse assets and liquidity, reducing the fragmentation often seen in digital asset markets.
Primex Finance employs a network of "Keepers," which are special instances that execute trades when certain criteria are met. This decentralized approach to trade execution eliminates the need for centralized order books, making the trading process more efficient and transparent.
Primex Finance generates revenue through transaction fees and interest on borrowed liquidity. By providing a platform that facilitates leveraged trading and lending, Primex Finance taps into the growing demand for advanced trading tools in the DeFi space.
In summary, Primex Finance is revolutionizing the DeFi trading landscape by offering a non-custodial, cross-chain protocol for leveraged spot trading, integrating multiple DEXs, and utilizing a decentralized network of Keepers for trade execution.
Keywords: DeFi, leveraged trading, non-custodial, cross-chain, liquidity pools, DEX integration, EVM compatible, decentralized, Keepers, spot trading.