Synthetix is a decentralized trading platform that enables users to create and trade synthetic assets and commodities. Users mint synths using a token called SNX. The platform is run by a decentralized automatic organization. The company raised $12m in funding from Coinbase Ventures, Paradigm and IOSG. Synthetix plans to use the proceeds to expand its business reach and recruit talent. The article does not provide operating metrics such as revenue or user counts.

Total raised

$12M

Funding rounds

1

Latest round

Equity

Latest activity

Feb 2021