Crypto Valley Exchange (CVEX) has received $7 million in funding and is gearing up to introduce a new cryptocurrency trading platform with a focus on derivatives such as futures and options. The platform aims to provide user-friendly and cost-effective trading options, offering commission-free trading to attract traders and set a new industry stanfard.

The $7 million funding for CVEX came from two funding rounds involving Fabric Ventures, Kyber Capital Crypto Fund, and other key investors like AMDAX, Wave Digital, and Funfair Ventures. This funding will be utilized for the final testing and launch of CVEX mainnet coins, which are expected to revolutionize cryptocurrency trading of derivatives.

CVEX aims to revolutionize derivatives trading by offering transparent and cost-effective methods for contracts for differences and options. The platform's commission-free leverage in futures trading makes it a strong competitor in the DEX industry, attracting traders looking for maximum trading potential.

With the upcoming launch of CVEX on the Arbitrum network, mainnet wallets will be available from different blockchains like Ethereum, Optimism, BASE, and Solana. Deposits in the stable coin USDC will ensure the reliability of transactions. This wide network coverage demonstrates CVEX's commitment to providing a seamless and inclusive trading environment for a large number of users.

The launch of CVEX's mainnet could set new standards for cost-efficiency and transparency in trading platforms. As CVEX enters the market, it may inspire innovation and competition, prompting other market players to reevaluate their services.