Primex Finance operates a decentralized prime brokerage liquidity protocol that enables margin trading across DEXs using credit pools called credit buckets. Lenders provide liquidity to credit buckets and earn interest and profit-based fees generated from margin fees and successful trades. Traders access that liquidity to margin trade across various DEXs while Primex assigns each trader a score using machine learning to determine decentralized risk levels. Founded in June 2021 and announced from New York, the protocol aims to unite DEXs and lending to expand non-custodial margin trading access. The company announced a $5.7M seed raise and will use the funds to progress product development ahead of a V1 launch later this year. Primex’s roadmap emphasizes interoperable cross-margin functionality and trader scoring to provide security and transparency for the protocol.

Total raised

$6M

Funding rounds

1

Latest round

Seed

Latest activity

Feb 2022