XFX Completes $17 Million Series A Funding Round, Led by Castle Island Ventures

BlockBeats News, March 26th, according to Fortune report, XFX, a foreign exchange trading startup that supports stablecoin trading, announced the completion of a $17 million Series A financing. The round was led by Castle Island Ventures, with participation from Haun Ventures and Coinbase Ventures, aiming to improve the efficiency of fiat currency and stablecoin foreign exchange.

XFX co-founder and CEO Santiago Alvarado declined to disclose the company's valuation for this financing round. It is reported that XFX currently not only allows customers to exchange between stablecoins but also enables customers to exchange fiat currencies such as the US dollar, Mexican peso, and Colombian peso.