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Crypto Prime Broker Membrane Labs Raises $20M From Brevan Howard, Point72 and Jane Street

Membrane Labs, a cryptocurrency-focused trading and lending platform, has successfully secured a substantial $20 million in a Series A funding round. This funding round saw participation from significant names in the financial world, including Brevan Howard Digital, Point72 Ventures, and Jane Street. The capital injection is earmarked for enhancing the trading infrastructure in the crypto space, indicating a growing interest from traditional financial institutions in the burgeoning world of digital assets.

The involvement of such prominent names in the funding round signifies a broader acceptance and integration of crypto platforms into the mainstream financial ecosystem. As the crypto industry matures, there is an increasing need for robust and reliable trading infrastructures that can cater to both retail and institutional investors. Membrane Labs’ successful funding round suggests that the industry is moving in the right direction, with significant players recognizing the potential and investing in the future of crypto trading.

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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin61,739 2.86 % 0.62 % 12.64 %
Litecoin79.06 3.17 % 1.94 % 19.51 %
XRP0.4851 3.22 % 2.68 % 20.42 %
Ethereum2,197.2 0.23 % 0.67 % 2.46 %
Dogecoin0.1460 3.44 % 2.66 % 25.59 %
USDC1.000 0.10 % 0.02 % 0.08 %
Cardano0.2543 0.15 % 1.68 % 3.38 %
Tether0.9990 0.10 % 0.04 % 0.02 %
Binance Coin (Wormhole)222.47 0.38 % 4.71 % 3.08 %