The perpetual contract trading platform OX.FUN has completed a $4 million financing round, led by Foresight Ventures.

ChainCatcher news, the decentralized perpetual contract trading platform OX.FUN initiated by Zhu Su (@zhusu) has completed a new round of financing, raising $4 million. This round of financing was led by Foresight Ventures, with participation from Double Peak Group, EmChain, Genblock Capital, and other institutions. The funds will be used for product iteration, team building, market expansion, and more.

It is reported that OX.FUN is an innovative perpetual contract trading platform that uses OX as the collateral for contracts, adopting the OX&MILK dual-token model, allowing investors to earn tokens regardless of profit or loss. Since its launch, the platform's trading volume has exceeded 20 billion OX, and deposits have surpassed 1.5 billion OX.