Algorand Project Raises $3.6M to Make Cross-Chain DeFi Friendly for Big Investors

Posted on by American Coins & Gold

Algorand Project Raises .6M to Make Cross-Chain DeFi Friendly for Big Investors
C3 Protocol, a cryptocurrency trading project linked to the Algorand blockchain, has raised $3.6 million led by Arrington Capital and Jump Capital.C3′s ambitious plan to allow decentralized finance (DeFi) liquidity to flow across blockchains was also backed by Golden Tree Asset Management, Cumberland, ParaFi Capital, Mechanism Capital, Borderless Capital, Node Capital and Digital Currency Group (the parent company of CoinDesk).Cryptocurrency trading grew out of retail exchanges and developer-led blockchain projects, in contrast to legacy finance, which started with institutions building infrastructure that suited their needs. As such, the concept of prime brokerage in traditional finance – a bundle of services…