1inch Network, a crypto project behind the popular decentralized exchange (DEX) aggregator 1inch app, announced that it has closed a $175 million Series B funding round.
With fresh capital at hand, 1inch Network is looking to serve institutional customers, including banks and hedge funds.
Also, 1inch is already working on launching a product specifically for institutions called 1inch Pro.
And 1inch Network is also looking to launch a new protocol in Q1 2022, which will use the 1INCH token as an "insurance token.”
By the way, 1inch is available in LUMI Wallet, and its price has already increased by 8% in 24h. Congratulations to the 1INCH community A great project and we are sure that this is just the beginning of future development
