Derivatives trading platform IntentX has completed a $2.5 million seed round of financing, led by Magnus Capital.

BlockBeats reported on November 22 that IntentX, a derivative trading protocol, announced the completion of a $2.5 million seed round of financing, led by Magnus Capital with participation from Agnostic Fund, Prismatic Capital, MS2 Capital, Coral DeFi, Contango Digital Assets, Castle Capital, and others. IntentX is a full-chain off-exchange derivatives market designed to address the inefficiencies of decentralized derivatives. IntentX has released an Open Beta version, providing trading for over 180 perpetual currency pairs.