The decentralized trading protocol Orderly Network has completed a strategic round of financing with a valuation of $200 million, led by CoinDCX Ventures

ChainCatcher news, according to The Block, the NEAR ecosystem decentralized trading protocol Orderly Network has completed a funding round from CoinDCX Ventures, with the specific amount of financing not yet disclosed. Orderly Network's Chief Operating Officer Arjun Arora stated that this funding was achieved through a Simple Agreement for Future Tokens (SAFT) at a valuation of $200 million, the same valuation as when Orderly raised funds from Nomura's crypto subsidiary Laser Digital in November 2022.

According to the crypto data platform RootData, Orderly Network completed a strategic financing of $20 million in June last year, with investors including Three Arrows Capital, Pantera Capital, Dragonfly Capital, Sequoia China, Jump Crypto, Alameda Research, GSR Markets, MetaWeb.VC, Foresight Ventures, SevenX, IOSG, Cobo Ventures, and several strategic partners.

It is reported that Orderly Network was established in April 2022, incubated by NEAR and WOO Network, providing a platform equipped with a risk engine, matching engine, and shared asset pool for DApp development through an on-chain order book. (Source link)