October 2, 2022

0x was tapped last week to power Coinbase’s new NFT marketplace.

Amir Bandeali, co-founder and co-CEO of 0x ( Source: Coindesk.com )
Amir Bandeali, co-founder and co-CEO of 0x ( Source: Coindesk.com )

0x Labs, the force behind a decentralized exchange (DEX) protocol and its native ZRX token, has raised $70 million at an undisclosed valuation in a Series B round led by Greylock Partners and including NFT marketplace OpenSea, Pantera Capital, Jump Capital and actor Jared Leto, according to a Forbes report.

0x offers a liquidity application programming interface that developers can use to split up transactions between decentralized exchanges to find the best prices and throughput. Supported exchanges include Uniswap, Curve and Oasis.

The firm also offers Matcha, a global liquidity and markets search engine that helps users trade their tokens at the best prices.

Last week, the ZRX token soared 47% after an announcement that 0x would power the NFT marketplace of Coinbase (COIN), which operates the second largest crypto exchange in terms of trading volume.

The ZRX token is up almost 15% over the past 24 hours.

0x Labs raised $15 million in February 2021 led by Pantera.