HONG KONG, June 20, 2024 /PRNewswire/ -- In a strategic move to redefine the landscape of forex trading, CoTrade today announced its transformation into a premier group of PAMM traders, each specializing in various segments of the forex market, with a keen focus on gold. This collective approach aims to provide investors with unparalleled access to diverse trading strategies and expert management.
Established as a leader in PAMM account management, CoTrade has evolved to harness the collective expertise of seasoned traders worldwide. This synergy allows CoTrade to offer a range of trading styles—from aggressive growth strategies to conservative approaches focused on wealth preservation.
"Our transformation into a collective is not just a change; it's an evolution that aligns with our vision to democratize forex trading," said Benjamin Lee, CEO of CoTrade. "By pooling top-tier talent in one PAMM account, we provide our clients with the opportunity to invest with the best, ensuring diversity in strategy and risk management."
Highlights of CoTrade's services include:
Specialization in Gold Trading: Recognizing the stable and lucrative nature of gold, CoTrade offers specialized expertise in this sector, appealing to investors looking for safety in precious metals.
Expert Management: Our PAMM accounts are managed by professionals with extensive experience and a proven track record in forex trading.
Enhanced Security and Compliance: With a commitment to the highest security standards and compliance with international regulations, CoTrade ensures that all investments are managed with utmost integrity and transparency.
"This is more than just an investment in gold; it's an investment in peace of mind," added Benjamin Lee. "We handle all the complexities of forex trading while our clients enjoy the benefits of gold's enduring value."
About CoTrade: CoTrade is a collaborative group of PAMM traders, offering customized and secure investment opportunities in the forex market. By integrating the skills of diverse trading professionals, CoTrade delivers strategic investment solutions that meet varied investor needs, emphasizing a high standard of excellence and innovation.
For further information or to start investing with CoTrade, please visit https://cotrade.finance/
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
CoTrade Reimagines Forex Trading with a Collective of Elite PAMM Traders Specializing in Gold Markets
SINGAPORE, July 2, 2024 /PRNewswire/ -- In support of a more efficient and user-friendly DeFi market, HTX Ventures, the global investment arm of the cryptocurrency exchange HTX, has announced a strategic investment in RedStone. RedStone is one of the fastest-growing modular oracles in 2024 that delivers diverse, high-frequency data feeds to EVM Layer1, Layer2, Rollup-as-a-Service networks, and beyond, including Starknet, Fuel Network, and TON.
RedStone's modular nature enables it to provide data feeds that are unavailable elsewhere, specializing in yield-bearing collateral for lending markets, especially LSTs and LRTs. Its modular pricing engine ensures the highest accuracy and relevance by consistently updating. Moreover, RedStone is chain-agnostic, meaning it can push data to numerous EVM and non-EVM ecosystems, rollups, and various app chains. This makes it an ideal partner for Rollup-as-a-Service providers and Eigenlayer AVSes. Currently, RedStone's Total Value Secured (TVS) has grown to $4 billion, expanded to over 60 chains, and served more than 100 clients such as EtherFi, Pendle, Morpho and Ethena.
RedStone recently closed its $15 million Series A round, led by Arrington Capital. The funds will be used to expand the Marketing and Business Development divisions, fueling an extensive Q3/Q4 growth pipeline. RedStone is currently testing Oracle Extractable Value (OEV) implementation, scheduled for trial with customers in the coming months, and preparing for the launch of its native token later this year.
"RedStone is introducing an exciting advancement to DeFi with its modular design," said Edward, Managing Partner at HTX Ventures. "DeFi users will benefit from new and precise data feeds, as well as push and pull data services. RedStone's chain-agnostic feature allows it to provide services across various layers. At HTX Ventures, we are thrilled to witness new innovations within the oracle space and are eager to collaborate on building better infrastructure and tools for DeFi."
Jakub Wojciechowski, CEO of RedStone Oracles, commented, "This Series A round gives us ample financial runway to broaden our suite of services while bringing reliable real-world data to a host of blockchain-based protocols. Sincere thanks to our investors and community for their fervent support, and believe me when I say - we are just getting started."
RedStone is also preparing for the upcoming launch of Season 2 of RedStone Expedition – an interactive community engagement initiative giving participants the chance to accumulate RSG (RedStone Gems) points through a diverse array of activities. Interested parties can sign up here: RedStone Expedition.
About RedStone
RedStone is a modular oracle delivering diverse, high-frequency data feeds to EVM Layer1, Layer2, Rollup-as-a-Service networks, and beyond, i.e., Starknet, Fuel Network, or TON. By responding to market trends and developer needs, RedStone can support assets not available elsewhere. The modular design allows for data consumption models adjusted to specific use cases, i.e., capital-efficient LSTfi and early support of LRTs. Trusted by Pendle, Morpho, Venus, Ethena, ether.fi & more.
About HTX Ventures:
HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice.
HTX Ventures currently backs over 300 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most active Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including Dragonfly, Bankless, Gitcoin, Figment, and Animoca. Visit us here.
Contact Details
EE
glo-media@htx-inc.com
Company Website
https://www.htx.com/ventures
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
HTX Ventures Invests in RedStone Oracles to Expand Modular DeFi Infrastructure
