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Crypto Prime Broker Membrane Labs Raises $20M From Brevan Howard, Point72

Membrane Labs, a cryptocurrency-focused trading and lending platform, has raised $20 million in a Series A funding round, with participation from big names like Brevan Howard Digital and Point72 Ventures. The capital will be used to help build the type of grown-up trading infrastructure the crypto space needs in order to avoid further disasters. Last year saw multi-billion dollar crypto trading and lending platforms fall to pieces, revealing a chaotic mess of opaque and iniquitous operations carried on behind the scenes. The response from regulators will see crypto come into the daylight and map much closer to traditional finance.

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