Crypto

Crypto Arbitrage Mosdex Raises $20 Million To Penetrate European Markets

Mosdex, a Finland-based cryptocurrency arbitrage startup founded this year, has raised $20 million in Series A to establish its presence in Europe.

Cryptocurrency arbitrage occurs when a trader buys a digital asset on one exchange and immediately resells it on another to profit from the price difference.

Mosdex said it plans to expand its arbitration solution across Europe by first establishing a presence in Germany, Poland, the Czech Republic, Slovakia and Hungary.

The startup will also use the fund to open offices in New York, Hong Kong, Singapore, London, Tokyo and Dubai.

Additionally, Mosdex will launch a cryptocurrency arbitrage solution later this year in accordance with Europe’s cryptocurrency regulations.

According to a press release, the Series A funding round was led by Evli Bank PLC, an investment bank that helps institutions, corporations, and private individuals grow their wealth.

Other participating investors include Lifeline Ventures, NordicNinja VC, and private crypto investors like Petteri Suorsa, Magnus Eskelinen, and Jouni Väisänen.

Mosdex, which first announced its entry into the crypto world in early May, previously provided and developed core software program processing for the Moscow Stock Exchange.

The startup said it was extending to the cryptocurrency market the arbitrage method that is widely used by banks, financial institutions, and foreign exchange markets around the world.

Mosdex is also Finland’s first combined virtual asset arbitrage platform.

Automation of crypto arbitrage

Mosdex explained that its platform has been designed to automate arbitrage for cryptocurrency exchanges, consumers, and institutions.

He further said that his arbitrage solution was built by a group of developers with backgrounds in finance, machine learning, and blockchain engineering.

“We work hard to create our own devices and improve the richness of the platform. We are constantly updating our utilities to ensure that we have bought the products and are selling them well and accurately,” said a company spokesman.

Mosdex, a Finland-based cryptocurrency arbitrage startup founded this year, has raised $20 million in Series A to establish its presence in Europe.

Cryptocurrency arbitrage occurs when a trader buys a digital asset on one exchange and immediately resells it on another to profit from the price difference.

Mosdex said it plans to expand its arbitration solution across Europe by first establishing a presence in Germany, Poland, the Czech Republic, Slovakia and Hungary.

The startup will also use the fund to open offices in New York, Hong Kong, Singapore, London, Tokyo and Dubai.

Additionally, Mosdex will launch a cryptocurrency arbitrage solution later this year in accordance with Europe’s cryptocurrency regulations.

According to a press release, the Series A funding round was led by Evli Bank PLC, an investment bank that helps institutions, corporations, and private individuals grow their wealth.

Other participating investors include Lifeline Ventures, NordicNinja VC, and private crypto investors like Petteri Suorsa, Magnus Eskelinen, and Jouni Väisänen.

Mosdex, which first announced its entry into the crypto world in early May, previously provided and developed core software program processing for the Moscow Stock Exchange.

The startup said it was extending to the cryptocurrency market the arbitrage method that is widely used by banks, financial institutions, and foreign exchange markets around the world.

Mosdex is also Finland’s first combined virtual asset arbitrage platform.

Automation of crypto arbitrage

Mosdex explained that its platform has been designed to automate arbitrage for cryptocurrency exchanges, consumers, and institutions.

He further said that his arbitrage solution was built by a group of developers with backgrounds in finance, machine learning, and blockchain engineering.

“We work hard to create our own devices and improve the richness of the platform. We are constantly updating our utilities to ensure that we have bought the products and are selling them well and accurately,” said a company spokesman.

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