Rails Raises $14M From Backers Including Kraken to Launch Crypto Exchange
Powered by @unfolded- Crypto exchange Rails has raised a total of $20 million, including $14 million from a token sale and $6 million from a seed round, to launch a hybrid trading platform.
- The platform combines self-custody of assets with high-speed execution, addressing the trade-off between speed and security in crypto trading.
- Rails will operate on Kraken’s layer-2 network, Ink, to enhance transaction speed and reduce costs, while supporting trading for major crypto assets.
- The platform utilizes zero-knowledge proofs and Merkle trees for secure trade validation, aiming to provide transparency without sacrificing performance.