Cryptheory – Just Crypto

Cryptocurrencies are our life! Get an Overview of Market News

Crypto Trading Platform Hxro Raises $15 Million

1 min read

Crypto Trading Platform Hxro Raises $15 Million

Crypto trading platform Hxro has raised $15 million in a token sale to hedge fund Commonwealth Asset Management, Coindesk reported today.

In addition to supporting derivatives trades and betting markets, Hxro has its own ETH-based network token, HXRO. Token holders can use it to get rebates and rewards while trading on the Hxro platform.

The going rate for HXRO tokens is currently $0.75, a 14% increase over the last week.

Hxro made its name with Moonrekt—a kind of online game built around betting whether an asset will “moon” and increase in price over a predetermined timeframe or get “rekt” and decline in value. The company also offers an investment product called TixWix, geared toward the retail market; it operates via a partnership with FTX, the exchange run by crypto wunderkind Sam Bankman-Fried.

Commonwealth, based out of Los Angeles, was founded in 2019. It has ties to prominent investors Alan Howard and Louis Bacon, both of whom recently invested in forthcoming EOS-based exchange Bullish Global.


All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

Leave a Reply

Your email address will not be published. Required fields are marked *