Crypto Arbitrage Mosdex Raises $20m to Penetrate European Markets

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Mosdex, a Finland-based cryptocurrency
arbitrage startup founded this year, has raised $20 million in Series A to
establish its presence in Europe.

Cryptocurrency arbitrage occurs when a trader
buys a digital asset on an exchange and immediately resells it on another to
profit from the difference in prices.

Mosdex said it plans to expand its arbitrage
solution across Europe by first establishing its presence in Germany, Poland,
Czech Republic, Slovakia, and Hungary.

The startup will also use the fund to open up offices in New York, Hong Kong, Singapore, London, Tokyo and Dubai.

Additionally, Mosdex will launch a
cryptocurrency arbitrage solution later this year in accordance with Europe’s
cryptocurrency regulations.

According to a press statement, the Series A funding round was led by Evli Bank PLC, an
investment bank that helps institutions, corporations and private persons
increase their wealth.

Other participating investors include Lifeline
Ventures, NordicNinja VC, and private cryptocurrency investors such as Petteri
Suorsa, Magnus Eskelinen and Jouni Väisänen.

Mosdex, which first announced its entry into the world of cryptocurrency in early May, previously provided and developed core software programme processing for the Moscow Stock Exchange.

The startup said it was extending to the cryptocurrency market the arbitrage method being extensively used by banks, financial institutions, and foreign exchange markets around the world.

Mosdex is also Finland’s first combined virtual asset arbitrage platform.

Automating Crypto Arbitrage

Mosdex explained that its platform has been
designed to automate arbitrage for cryptocurrency exchanges, consumers, and
institutions.

It further said its arbitrage solution was built
by a group of developers with background in finance, machine learning, and
blockchain engineering.

“We worked hard to create our own gadgets
and improved the richness of the platform. We are constantly updating our
utilities to make sure we have purchased the goods and are selling well and
accurately,” a spokesperson at the company said.

Mosdex, a Finland-based cryptocurrency
arbitrage startup founded this year, has raised $20 million in Series A to
establish its presence in Europe.

Cryptocurrency arbitrage occurs when a trader
buys a digital asset on an exchange and immediately resells it on another to
profit from the difference in prices.

Mosdex said it plans to expand its arbitrage
solution across Europe by first establishing its presence in Germany, Poland,
Czech Republic, Slovakia, and Hungary.

The startup will also use the fund to open up offices in New York, Hong Kong, Singapore, London, Tokyo and Dubai.

Additionally, Mosdex will launch a
cryptocurrency arbitrage solution later this year in accordance with Europe’s
cryptocurrency regulations.

According to a press statement, the Series A funding round was led by Evli Bank PLC, an
investment bank that helps institutions, corporations and private persons
increase their wealth.

Other participating investors include Lifeline
Ventures, NordicNinja VC, and private cryptocurrency investors such as Petteri
Suorsa, Magnus Eskelinen and Jouni Väisänen.

Mosdex, which first announced its entry into the world of cryptocurrency in early May, previously provided and developed core software programme processing for the Moscow Stock Exchange.

The startup said it was extending to the cryptocurrency market the arbitrage method being extensively used by banks, financial institutions, and foreign exchange markets around the world.

Mosdex is also Finland’s first combined virtual asset arbitrage platform.

Automating Crypto Arbitrage

Mosdex explained that its platform has been
designed to automate arbitrage for cryptocurrency exchanges, consumers, and
institutions.

It further said its arbitrage solution was built
by a group of developers with background in finance, machine learning, and
blockchain engineering.

“We worked hard to create our own gadgets
and improved the richness of the platform. We are constantly updating our
utilities to make sure we have purchased the goods and are selling well and
accurately,” a spokesperson at the company said.

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