Vest Exchange came out of stealth and revealed plans to launch a decentralized perpetual futures exchange on the Arbitrum network.
The exchange has closed a seed round for an undisclosed amount from Jane Street, QCP Capital, Big Brain Holdings, Ascendex, Builder Capital, Infinity Ventures Crypto, Robert Chen (Ottersec), Pear VC, Cogitent, Moonshot Research, Fugazi Labs and other angel investors.
“We hope that Vest will elevate the standard of perpetual futures trading by democratizing access to unique trading opportunities in all markets,” Vest said in a blog post.
Vest will focus on providing low barriers for token listings, strong risk management and clear fees for liquidity providers. It said it will provide these elements through the design of its risk engine.
The exchange will soon announce a testnet.
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