Self-custody digital trading company Shuttle Labs completes a $6 million seed round of financing, with participation from CMCC Global, etc.

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2024-10-24 01:56:29

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PANews October 24th news, self-hosted digital trading company Shuttle Labs announced that it has completed a $6 million seed round of financing, with participation from Anthony Scaramucci, CMCC Global, SALT Fund, Flow Traders, and several former FTX employees. Shuttle Labs also announced the launch of the Genius test version of its self-hosted digital trading platform, which aims to solve a series of problems that led to the bankruptcy of FTX, such as security, user control, and decentralization. It explores the use of self-hosted models to eliminate the risks of third-party custody, ensuring that users always hold their own Private Key.

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