CCAI Secures $8M to Merge Centralized and Decentralized Exchange Features
2 min read
The Cryptocurrencies.AI (CCAI) exchange has secured a multimillion-dollar investment round. It plans to use the funds to fight exchange fragmentation and improve the crypto user experience.
The exchange has gained a total of $8 million from various digital asset investors, including but not limited to, Alameda Research, Alphabit, Protocol Ventures, and Rarestone Capital.
The investment is part of what CCAI representatives refer to as crypto’s next iteration. One in which user experience becomes a priority.
A report shared with BeInCrypto revealed that CCAI plans to use the funding to create a more user-friendly strategic analysis trading companion that merges both centralized and decentralized exchanges (CEX and DEX). More specifically, CCAI is built on the fastest DEX, Solana, but also utilizes Binance’s deep liquidity through a strategic partnership.
In doing so, it intends to eliminate the idea that decentralized finance (DeFi) must be complex and separate from centralized finance.
Resolving key issues
CCAI’s mission revolves around giving traders of all levels access to comprehensive analysis and strategy tools, and not at the expense of speed or customer experience. The exchange also hopes to resolve fragmentation issues by creating a place where traders can easily exchange funds between CEX and DEX.
Hisham Khan, a former project lead at Bloomberg, heads the exchange. He said:
“The industry all too often accepts frustratingly poor user experience and fragmentation as both crypto natives and newcomers are forced to use a variety of different tools to optimize their trading strategies. We’re changing that by bringing everything into one place.”
As this investment comes into play, CCAI hopes to become an all-inclusive digital trading companion for the crypto industry. Its next phase aims to make good on its core mission. Specifically, providing traders of all levels with tools ordinarily reserved for top-tier investors.
This includes access to a calendar on which users can track their profitability more effectively. Plus the ability to leverage up to 125x futures on CEX and the ability to transfer funds to a Solana-based wallet.
The post CCAI Secures $8M to Merge Centralized and Decentralized Exchange Features appeared first on BeInCrypto.
