Alpaca Completes $135 Million Financing Round, Led by Peak XV

BlockBeats News, July 16th, Alpaca, a stock, options, and cryptocurrency API broker for developers, announced the completion of a $135 million financing round. The round was led by Peak XV, with participation from Elefund, Opera Tech Ventures, and Unbound, among others. The new funds will be used to expand the broker's infrastructure for tokenized markets and AI-native financial services.

Alpaca has raised a total of $435 million, including a significant amount from Kraken's parent company Payward and BMO through debt financing.

Source #Kraken

Correction/Report

RelatedRecommended

Binance Sparks "Delisting Concept": Can CEX Pull Off the Next ALPACA Move?

The ALPACA Long/Short Attack introduces a new approach for market makers to manipulate prices by taking advantage of high volatility. In this context of high volatility and the concept of "price manipulation," what insights can we derive from it?

Looking Back at Alpaca Finance: When FUD Turns into a Brief Wealth Code

ALPACA has (almost) put an end to its life of crime.

Delisting Without Price Drop? Revealing the Capital 'Short Squeeze' Drama Behind ALPACA

ALPACA has defied expectations, with its price rising over 650% since the Binance delisting announcement.

Sequoia Capital Split: Investment Conflicts, Competitive Games, and Geopolitics.

Could geopolitical tensions be the catalyst for this change?

Rhythm Evening News｜Galaxy Research said that the first-year capital inflow of Bitcoin spot ETF is expected to reach US$14 billion; Scroll mainnet TVL exceeded US$16 million, an increase of 204.97% in the 7th day

An overview of important information in the encryption industry on October 25, GN!

On-Chain Activity