Brine Raises $16.5M in Series A Funding
Summary
Founded by university friends Bhavesh Praveen, Ritumbhara Bhatnagar and Shaaran Lakshminarayanan, Brine.Fi is a provider of a decentralised exchange for institutions and high frequency traders. It is an orderbook spot DEX addressing the shortcomings being faced by crypto traders when trading. Brine Fi is able to execute orders in milliseconds while remaining fully non-custodial. To tackle this issue, Brine Fi makes use of zkP (Zero Knowledge Proofs) technology, powered by StarkWare, which enables privacy on trading positions, so that traders can get their high volume orders executed with ease. Moreover with the launch of Brine Fi’s Trading Leaderboard, top traders can now claim USDC rewards every month.
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