Radar Relay
Cryptocurrency exchange technology that leverages blockchain and the 0x protocol to trade ETH based tokens.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor | €0.0 | round |
| investor investor investor investor investor investor investor investor investor investor | €0.0 | round | |
$10.0m | Series A | ||
| Total Funding | 000k | ||
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Radar Relay operates as a decentralized exchange (DEX) relayer on the Ethereum blockchain, leveraging the 0x protocol. The platform facilitates peer-to-peer trading of ERC-20 tokens directly between users' wallets, eliminating the need for the company to hold customer funds. This wallet-to-wallet approach enhances security by allowing users to maintain control of their assets throughout the trading process.
The company's business model is centered on maintaining an order book and relaying orders between traders. For this service, it is likely that Radar Relay earns revenue through trading fees, though specific details on their fee structure are not readily available. The platform caters to cryptocurrency traders looking for a trustless and secure environment to exchange a variety of Ethereum-based tokens.
By building on the 0x protocol, Radar Relay is part of a larger ecosystem of decentralized applications. This positions the company within the growing decentralized finance (DeFi) sector, a market characterized by its focus on open and permissionless financial services.
Keywords: decentralized exchange, 0x protocol, ERC-20, wallet-to-wallet, peer-to-peer, cryptocurrency trading, ethereum, blockchain, decentralized finance, order book