Mosdex, a Finland-based business, is ready to launch a worldwide crypto arbitrage platform with a $20 million funding round. Mosdex has raised $20 million to fund its expansion across Europe.
This round of funding will be used to finance Mosdex’s global expansion plans. The current round of financing, according to the official release, is intended to meet rising worldwide demand for encryption services as the encryption business soars like a parabola, with a market valuation of $1.5 trillion.
“It’s clear to recognize the value of MOMEX, MOSDEX’s Cryptocurrency Arbitrage Program,” Andvari, the Managing Director and Chief Digital Asset Officer (CDO) of MOSDEX, said on Medium.
MOSDEX intends to begin growing worldwide in 2022 with additional capital. MOSDEX stated that the business intends to target the European market initially. Under European cryptocurrency restrictions, the business will also introduce a bitcoin arbitrage solution later this year.
Founded in 2022, Mosdex is a cryptocurrency arbitrage platform that allows users to buy and sell digital assets at the best prices on a variety of exchanges. The company uses a “smart order routing” system to ensure that users always get the best prices for their trades.
The platform was developed by a group of developers with expertise in finance, machine learning, and blockchain engineering software, this solution makes it easy for users to conduct cryptocurrency arbitrage. In addition to supporting a variety of assets, Mosdex also offers a number of features that make it an attractive platform for Arbitrage trading.