Saturn Raises $800,000 in Seed Funding for Decentralized Bitcoin Exchange Development

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Cointime2024/02/27 10:41

By:Cointime

Saturn, a decentralized Bitcoin exchange, has raised $800,000 in seed funding to enhance its peer-to-peer order book and provide a secure trading experience for Bitcoin users. The funding round was led by Sora Ventures and saw participation from several notable blockchain investors. The exchange aims to promote greater fungibility within Bitcoin by enabling users to exchange coins without relying on centralized intermediaries, reducing the risk of hacks or regulatory actions that have plagued centralized exchanges in the past. With a significant user base of 300,000, Saturn is a pivotal player in the emerging BTC DEX space and is expanding Bitcoin's potential as a medium of free exchange.

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