On February 25, Mizar announced raising $3 million in their seed funding round to develop the next generation smart trading solutions. Nexo led the financing of this round with the participation of other investors like Huobi Ventures, KuCoin Ventures, Gate Labs, MEXC, NFT Tech, Evolve Capital, Shima Capital, Stakely VC, Spark Digital Capital, Kairon Labs, AU21 Capital, Tenzor Capital, WOO Ventures, David Post, and Dean Thomas.
Co-founder, CFA, and the Managing Partner at Nexo Kalin Metodiev said,” Nexo is pleased to enter into a strategic partnership with Mizar to support the development of smart trading tools and strategies. We believe that the platform will allow even a novice crypto investor to trade with more confidence and explore new techniques, thereby enhancing the user experience during the continuous mass adoption of digital assets.”
The next-generation trading platform Mizar allows users to search for strategies to safely invest their capital or put their assets to motion using a wide range of trading tools. Mizar is trying to deliver advanced yet simple-to-use trading tools that require no prior trading experience. Mizar can be used by:
- Beginners who want to try investing in others’ trading strategies in a few simple clicks.
- Investors who wish to use smart functionalities to manage their portfolios to reduce their risk.
- Expert traders can automate their trades and get copied to earn a passive income from their strategies.
Mizar dramatically reduces the barrier of entry in crypto trading and investing. They are also planning to offer all their tools in a subscription-free model, where users only pay if they trade on the platform.
As their product keeps growing, Mizar focuses on fortifying their current core community and partnerships. On top of that, there are also plans for adding more high-quality talents to their team. Mizar aims at bringing financial inclusiveness for all by making the platform accessible for everyone. The $3 million raised in this round would build innovative trading tools to automate their trading and save on time.
Launched back in 2018, Nexo is a blockchain-based platform that allows crypto lending and enables users to access crypto-backed loans instantly. Before investing or borrowing on the platform, it is worth reading our Nexo Review and compare it with other alternatives in the market. There are several alternatives if you are looking for Crypto Savings Accounts, Crypto Loans, Crypto Cards, and Crypto Exchanges.