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Ovex Raises $4M in Funding

Ovex, a Cape Town, South Africa-based market-focused cryptocurrency exchange platform specializing in over-the-counter (OTC) trading, raised $4m in funding. Quantitative cryptocurrency trading firm Alameda Research, developer of FTX, a crypto derivatives exchange, is leading the $18m Series A fundraising round. Founded in February of 2017 and led by Jonathan Ovadia, CEO, Ovex is a cryptocurrency exchange platform, specializing in OTC trading and arbitrage, offering South Africa’s largest selection of digital asset markets. Additionally, the platform offers execution, fast settlement, and insured custody to its clients. Additionally, the platform offers execution, fast settlement, and insured custody to its clients.

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