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SynFutures raises $22 million Series B, bucking 'crypto winter'

Amid a global slowdown in venture investments for crypto projects, some companies continue to buck the trend. SynFutures, a decentralized crypto derivatives exchange, has completed a $22 million Series B funding round. Pantera Capital led the round, with participation from Susquehanna International Group (SIG) and HashKey Capital. SynFutures is rolling out its proprietary automated market maker (AMM) called Oyster alongside its new raise. In an interview with TechCrunch, SynFutures' co-founder and CEO Rachel Lin compared her company to Amazon where "any market maker can list assets in 30 seconds." On Oyster, these programs are responsible for everything.

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