Market Wrap: Long-Term Bitcoin Holders Trim Positions as Rally Stalls

27.10.2021 12:58 am

Solana-based perpetual swaps DEX Drift Protocol raises $3.8 million: Crypto derivatives exchange Drift Protocol raised $3.8 million in a seed funding round that was led by Multicoin Capital with participation from crypto trading firms Jump Capital and Alameda, among others, CoinDesk’s Danny Nelson reported. Drift, which focuses on perpetual swaps, or futures contracts without an expiration date, is set to launch this month with support for SOL, BTC, ETH and Solana ecosystem tokens.


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