Ubit Secures $20 Million in Series A Funding to Revolutionize Web3 Trading

Ubit, the anticipated Web3 smart market maker exchange, recently secured $20 million in Series A funding, led by ETORO GROUP with participation from Blockchain Capital, BlackRock, and Crystal Capital. This funding will support Ubit's team expansion, technology development, and global promotion, bolstering its position in the Web3 trading platform landscape.

Ubit Secures $20 Million Series A Funding, Poised to Revolutionize Web3 Trading Landscape

Singapore, March 29, 2024 - Ubit, the highly anticipated Web3 smart market maker exchange, has triumphantly concluded its Series A funding round, securing a substantial $20 million. This strategic investment was meticulously orchestrated by ETORO GROUP, with the esteemed participation of venture capital powerhouses Blockchain Capital, BlackRock, and Crystal Capital.

Ubit's unwavering mission transcends mere market making. It aspires to serve as a transformative hub that seamlessly fuses the virtual realm of Web3 with the tangible world. Backed by an elite 200-person tech development team meticulously assembled in Dubai and the United Kingdom, this latest funding infusion will serve as a formidable catalyst, bolstering Ubit's market leadership and solidifying its preeminent position within the Web3 trading arena.

Ubit's roadmap is meticulously crafted to drive innovation and redefine the trading experience. The influx of funding will primarily fuel the burgeoning exchange ecosystem, igniting a social trading revolution that actively engages users. The platform's impending launch of stock trading in the second quarter of 2024 expands its versatility, catering to a diverse user base while establishing a haven of stability and security for asset transactions.

Ubit's vision extends far beyond the horizon, promising a suite of groundbreaking features and services in the near future. This forward-thinking approach positions Ubit as a trailblazing Web3 exchange that democratizes ownership by offering equal rights to both token holders and shareholders, seamlessly integrating digital assets into everyday life.

The strategic deployment of this funding will empower Ubit to accelerate technology development, expand its global footprint, and assemble an unparalleled team. These concerted efforts will propel Ubit to the forefront of the Web3 domain, shaping industry trajectories and fostering a new era where every individual can harness the transformative power of market making.

About Ubit

Ubit is not merely a market maker exchange. It is a transformative force that seamlessly bridges the divide between Web3 and the real world. With its team of dedicated technologists and a visionary roadmap, Ubit is poised to redefine the trading landscape, empowering every individual to become an active participant in the Web3 revolution.

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