Antarctic raises $7 million, with participation from Valisa Capital Markets and others.

Odaily Planet Daily reports that Singapore-based decentralized perpetual contract exchange Antarctic has announced the completion of a $7 million funding round, valuing the company at $70 million. Valisa Capital Markets, Lucidity Capital, Republic Crypto, and a proprietary trader venturing into crypto assets for the first time participated in the investment. The platform targets retail derivatives traders, providing trading tools similar to centralized exchanges. Its founding team members previously worked at OKX, Binance, and MEXC.