Synthetix ecosystem project Thales has raised $2.5 million | NFT News

Synthetix ecosystem project Thales has raised $2.5 million

Binary options and sports betting will soon be launched on Synthetix's Thales platform. According to official sources, Synthetix Thales' environmental project has completed a $2.5 million strategic funding round.

The investment was led by Framework Ventures and Apollo Capital with participation from IOSG Ventures, LD Capital, Honey DAO, LAO, Zonff Partners, Zee Prime Capital, D64 Ventures, Koji Capital, Daedalus Angel Syndicate and ChainCatcher.

Binary options are financial instruments that allow traders to speculate on the price movements of an underlying market or cryptocurrency.

At launch, Thales will support markets for more than 60 different assets, including cryptocurrencies, commodities, stocks and index products, before launching a sports betting market. As of this writing, no specific launch date has been announced.