PANews reported on December 11th that, according to Fortune, crypto infrastructure startup LI.FI announced the completion of a $29 million funding round, led by Multicoin Capital and CoinFund. The funds will be used to build its cross-blockchain price discovery and transaction path optimization tools. This round of funding will be used to expand into areas such as perpetual contracts, prediction markets, and yield strategies, and plans include expanding the team. The company is currently profitable.
LI.FI provides aggregated routing services for fintech, wallets, and trading platforms, with current partners including Robinhood, Binance, and Kraken, and a monthly transaction volume of $8 billion. Its platform, dubbed "encrypted Google Maps," helps businesses complete multi-chain transactions at minimal cost.
