{"id":2802,"date":"2024-02-01T13:41:44","date_gmt":"2024-02-01T13:41:44","guid":{"rendered":"https:\/\/cryptofunding.vc\/?p=2802"},"modified":"2024-02-01T13:41:45","modified_gmt":"2024-02-01T13:41:45","slug":"fintech-provider-portal-secures-34-million-in-seed-funding-for-decentralized-bitcoin-exchange","status":"publish","type":"post","link":"https:\/\/cryptofunding.vc\/fintech-provider-portal-secures-34-million-in-seed-funding-for-decentralized-bitcoin-exchange\/","title":{"rendered":"Fintech Provider Portal Secures $34 Million in Seed Funding for Decentralized Bitcoin Exchange"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\">Portal strives to provide a decentralized infrastructure facilitating peer-to-peer BTC swapping across diverse blockchains, eliminating the necessity for intermediaries that increase the vulnerability to hacks.<\/h4>\n\n\n\n<p>Portal, a San Francisco-based fintech powerhouse, has successfully secured an impressive $34 million in funding to propel the evolution of its groundbreaking bitcoin-based decentralized exchange (DEX). The platform, which recently emerged from stealth mode, boasts an illustrious lineup of investors, including heavyweights like Coinbase Ventures, Arrington Capital, OKX Ventures, and Gate.io.<\/p>\n\n\n\n<p>This substantial financial injection will not only fortify the development of Portal&#8217;s DEX but also drive forward the creation of a cutting-edge non-custodial wallet. The company&#8217;s vision revolves around providing a decentralized infrastructure for seamless peer-to-peer bitcoin swapping across diverse blockchains. Portal seeks to eliminate the need for intermediaries such as wrappers, bridges, or centralized exchanges (CEX), thereby mitigating the associated risks of potential hacks.<\/p>\n\n\n\n<p>Functioning as a staking and swapping layer, interoperability layer, and execution layer, Portal&#8217;s infrastructure empowers users to effortlessly swap bitcoin across various blockchains in a matter of seconds, all while retaining control over custody, privacy, and security. This forward-thinking approach aligns with the burgeoning interest in decentralized finance (DeFi) and signals a positive trend in fundraising within the crypto industry after a challenging period.<\/p>\n\n\n\n<p>In essence, Portal&#8217;s robust funding round not only reflects the renewed confidence in capitalizing on opportunities within the crypto sector but also underscores the increasing recognition of bitcoin&#8217;s role in the evolving landscape of decentralized finance, traditionally dominated by altcoins like ether (ETH) and Solana (SOL).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Portal strives to provide a decentralized infrastructure facilitating peer-to-peer BTC swapping across diverse blockchains, eliminating the necessity for intermediaries that increase the [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2169,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,25],"tags":[],"class_list":["post-2802","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-funding-round","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - 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