Crypto Derivatives Exchange GammaX Raises $4M in Seed Round with StarkWare Involved

StarkEx-based crypto derivatives exchange GammaX announced that it has closed a $4m seed funding round with participation from StarkWare, Dexterity Capital, Ledger Prime and others. GammaX aims to blend the benefits of both centralized and decentralized exchanges. The platform's order book and matching engine are kept off-chain, while settlement and custody of user funds are handled on-chain through smart contracts. GammaX plans to launch its testnet in a few weeks, before launching on mainnet later this fall.