Perpetuals exchange entropy.io raised $14M in Series funding led by Ribbit Capital.
DeFi & Yields ·
Entropy.io, a perpetuals exchange, closed a $14M funding round led by Ribbit Capital with participation from Hyperion. The round supports the platform's operations as it develops derivatives trading infrastructure. Entropy Protocol, associated with the exchange, operates a points system and has deployed via HIP-3; the protocol's native token ANTH is now live on the platform. The funding underscores investor confidence in decentralized perpetuals infrastructure, though detailed terms of the round and the specific roles of backers beyond lead investor Ribbit Capital remain undisclosed. It is unclear how the capital will be allocated across product development, liquidity provisioning, or operational expenses.