Decentralized Exchange Platform Infinex Announces Partnership With This Altcoin Foundation!
Infinex, the decentralized exchange platform founded by Synthetix creator Kain Warwick, has partnered with this altcoin.
Infinex, the decentralized exchange platform founded by Synthetix creator Kain Warwick, has partnered with the Near Foundation to integrate Near’s Chain Signatures, allowing users to sign transactions across multiple blockchains from a single Near account.
Infinex and Near Foundation Partner to Integrate Chain Signatures for Multi-Chain Access
The Chain Signatures integration will expand Infinex’s functionality, providing users with a unified platform for interacting with non-smart contract chains such as Bitcoin and Litecoin.
Other supported chains include Cosmos chains, Dogecoin, and XRP Ledger. According to Infinex CTO Jed Watson, this collaboration allows Infinex to offer self-custody and transparent transactions across decentralized and legacy networks.
“With NEAR, we can bring true self-custody of native assets to chains like Bitcoin without compromising the user experience,” Watson said.
Infinex's monolithic platform aims to provide the speed and user-friendliness of centralized exchanges within a decentralized framework.
Warwick described the partnership with Near Foundation as a step toward matching the functionality of centralized exchanges while phasing out such platforms.
“This partnership will accelerate the demise of centralized exchanges by connecting legacy chains like Litecoin and XRP to DeFi,” Warwick said.
Infinex, which has a total valuation of over $125 million, recently raised $67.7 million from its Patron NFT sale and has attracted high-profile investors including Peter Thiel of Founders Fund, Ethereum co-founder Vitalik Buterin, Solana co-founder Anatoly Yakovenko, and Stani Kulechov of Aave.
The new partnership is expected to bring further innovation as Infinex continues its push towards decentralized exchange parity.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin metric breakout teases 'inevitable' 90% BTC price rally next
Morpho (MORPHO): Unlocking the Power of Decentralized Lending
What is Morpho (MORPHO)? Morpho (MORPHO), previously known as Morpho Blue, is a decentralized lending and borrowing protocol that operates on the Ethereum blockchain and other compatible networks. Its primary purpose is to facilitate overcollateralized loans—a system where borrowers must deposit co
ACRA analysts listed the regions of Russia that are optimal for mining
Dogecoin Chart's Second Bull Flag Will Lead to $0,90 Breakout