Ubit Secures $20 Million to Boost Web3 Market Maker Platform

Ubit, a Web3 smart market maker exchange, has closed its Series A funding round, raising a total of $20 million. This funding will support the platform's development, team expansion, and global promotion, solidifying its position as a leading player in the Web3 trading platform domain. Ubit aims to create a more engaging social trading experience, launch stock trading in Q2 of 2024, and offer equal rights to token and stock ownership.

Ubit Secures $20 Million in Series A Funding to Bolster Web3 Market Maker Exchange

Singapore, April 5, 2024 - Ubit, a highly anticipated Web3 smart market maker exchange, has successfully concluded its Series A funding round, raising a substantial $20 million. This funding injection will provide a significant strategic boost to the platform, solidifying its position as a leading Web3 trading hub.

Bridging Web3 and Real-World Interactions

Ubit is a pioneering Web3.0 market maker derivatives exchange that serves as a gateway between the digital and physical realms. With a team of nearly 200 tech developers based in Dubai and the United Kingdom, Ubit is poised to revolutionize the Web3 trading landscape.

Platform Expansion and Future Plans

The funds raised through the Series A round will be strategically allocated to accelerate the development of Ubit's exchange ecosystem, enhancing the social trading experience for users. The platform aims to launch stock trading in the second quarter of 2024, expanding its service offerings and providing a more comprehensive trading environment.

Ubit's roadmap also includes the introduction of exclusive features and services, positioning the exchange as a trailblazer in the Web3 domain. The platform envisions a future where users have equal rights to token and stock ownership, seamlessly integrating digital assets into everyday life.

Investment in Growth and Global Expansion

Throughout the ecosystem construction process, Ubit will leverage the funding to drive technological advancements, team expansion, and global market penetration. These initiatives will establish Ubit as a cornerstone in the Web3 industry, shaping the future of decentralized trading.

A New Era of Market Making

Ubit anticipates a transformative era where every individual has the opportunity to participate as a market maker. Through its innovative platform and unwavering commitment to user experience, Ubit aims to empower traders at all levels.

Contact Information:

Company Website: https://www.ubit.cash/
Contact Person: Anthony Edward
Email: official_os@ubit.cash
Company Name: UBIT TECHNOLOGY TRADING LIMITED

About Ubit

Ubit is a cutting-edge Web3 smart market maker exchange that combines the power of token and stock trading. With a team of experienced professionals and a commitment to delivering a seamless and secure trading experience, Ubit is positioned to redefine the Web3 trading landscape.