HomeCryptoFormer Genesis and LedgerPrime employees secure $28 million funding for Arbelos, a...

Former Genesis and LedgerPrime employees secure $28 million funding for Arbelos, a cryptocurrency trading platform competing with Jane Street

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Building Trust in the Crypto Industry: Arbelos Markets Aims to Revolutionize Trading with Transparency and Sophistication

Arbelos Markets: A New Hope for Trust in Crypto Trading

The crypto industry has seen its fair share of ups and downs, with poor management and conflicts of interest leading to the downfall of some of the biggest firms in the sector. However, two crypto veterans, Joshua Lim and Shiliang Tang, are aiming to change the game with their new trading platform, Arbelos Markets.

Arbelos Markets is set to provide liquidity on trades to institutional players like hedge funds and venture capital firms, serving as the counterparty for popular products such as options and futures. The company recently raised a $28 million round led by Dragonfly, with participation from other prominent investors like FalcolnX, Circle, Paxos, Polygon, and Deribit.

Lim and Tang, who both have backgrounds in traditional finance, have witnessed the failures of the crypto industry firsthand. They understand the importance of transparency and risk management in trading, which is why they are focused on building a platform that can cater to the needs of institutional investors while avoiding the mistakes of the past.

Arbelos Markets will primarily focus on derivatives and over-the-counter trades for institutional players, positioning itself as a rival to both crypto native traders and traditional firms that have entered the crypto space. The company’s goal is to provide effective risk transfer mechanisms between large market participants, ultimately helping crypto become a permanent fixture in macro allocators’ portfolios.

With a team of 12 employees, most of whom come from a quant trading background, Arbelos has already facilitated around $25 billion in notional trading volume since its launch. The company operates offshore through the British Virgin Islands and is applying for a license, with plans to not be available in the U.S.

Investors like Rob Hadick of Dragonfly are confident in Lim and Tang’s ability to reinvent the way financial services work in crypto. They believe that Arbelos is paving the way for the sector to mature and evolve towards the standards of traditional finance.

As the crypto industry continues to grow and attract more institutional money, platforms like Arbelos Markets could play a crucial role in building trust and transparency in trading. Subscribe to Fortune Crypto for daily updates on the latest developments in the world of crypto.

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