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Bittime - Portal, an emerging force in the fintech industry, has achieved a significant milestone by securing $34 million in its seed funding round. This significant influx of capital was led by well-known investors, such as Coinbase Ventures and Arrington Capital. This empowers the Portal to break new ground in facilitating easy access to Bitcoin and the broader cryptocurrency market.
Revolutionizing Cryptocurrency Accessibility and Security
Portal's primary mission centers on creating financial independence and bridging the gap to Bitcoin and various cryptocurrencies. This significant investment fuels their efforts to address crucial security vulnerabilities and fragmentation in the crypto industry, particularly in cross-chain bridges and exchanges.
Addressing Important Security Concerns
The Portal initiative comes at a critical moment, following a period marked by industry-leading security breaches. Hackers have stolen billions of dollars through vulnerabilities in cross-chain bridges highlighting the need for robust solutions. Portal CEO Chandra Duggirala emphasized the risks inherent in centralized exchanges and bridges and underscored the potential of their Layer 2 atomic swap technology to eliminate custodial risk.
Decentralized and Secure Crypto Exchange
The portal pioneers a new decentralized, trust-minimizing infrastructure for seamless peer-to-peer Bitcoin exchange across multiple blockchains. This approach eliminates dependence on potentially unreliable intermediaries, providing users with a safe, private and efficient trading experience.
Introduction to DEX Portal and Wallet Portal
This funding drives the development of Portal's core products, namely Portal DEX and Portal Wallet. The DEX portal, which is poised to become the first Bitcoin-based exchange to support Layer 2 atomic swaps aims to improve speed, cost efficiency and security. Portal Wallet, a comprehensive non-custodial tool, will be seamlessly integrated with Portal DEX offering a reliable platform for users to manage their crypto holdings.
Future Innovation and Strategic Partnerships
Portal is set to launch cutting-edge offerings, including an AI-powered investment application and API integration tools to incorporate Portal DEX functionality within existing wallets and applications. Additionally, strategic partnerships with major Bitcoin projects are on the horizon, further strengthening Portal's commitment to expanding Bitcoin's utility and accessibility.
Industry Leaders Support the Portal Vision
Prominent figures such as Michael Arrington, founder of Arrington Capital, praised Portal's efforts in pushing the Bitcoin ecosystem forward, highlighting its potential to facilitate faster, more cost-effective and independent financial activities. Dora Yue of OKEx Ventures echoed this sentiment, praising Portal's unique approach to decentralized trading and its role in fostering a more responsive and secure trading environment.
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Conclusion: A Decentralized Future for Crypto Trading
Portal's recent seed funding marks a significant step forward toward realizing the future of decentralized crypto trading, where users can trade Bitcoin and other cryptocurrencies safely, quickly, and without relying on third parties. As Portal continues to innovate and forge strategic alliances, they are positioned to redefine the decentralized finance landscape built on Bitcoin.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
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What is Port3 Network (PORT3)? The Social Data Revolution in the Web3 Era
PORTAL Comes to Binance Launchpool, Here's How to Participate
DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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