Cryptocurrency derivatives marketplace Beta Finance attracted | DeFi Protocol

Cryptocurrency derivatives marketplace Beta Finance attracted strategic investment

Beta Finance received strategic investments from Spartan Group, ParaFi Capital, Multicoin Capital, DeFiance Capital and Delphi Digital. The amount of the investment was not disclosed.

"We are pleased to see Beta Finance opening up new utility for digital assets that have historically been neglected. We believe Beta's focus on new assets, an isolated collateral model, cross-network support and support from the Alpha ecosystem will push the boundaries of credit markets within the network. We look forward to supporting the Beta team in their quest to become a liquidity hub for DeFi," said Anjan Vinod, ParaFi Capital

Beta is an ever-evolving, permission-free money market with a focus on providing access to long-tail assets and facilitating short asset positions.