{"id":220524,"date":"2021-04-06T23:46:21","date_gmt":"2021-04-06T20:46:21","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/alameda-research-invests-4m-in-vietnamese-defi-project\/"},"modified":"2021-04-06T23:46:21","modified_gmt":"2021-04-06T20:46:21","slug":"alameda-research-invests-4m-in-vietnamese-defi-project","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/alameda-research-invests-4m-in-vietnamese-defi-project\/","title":{"rendered":"# Alameda Research invests $4M in Vietnamese DeFi project"},"content":{"rendered":"<p>&#8220;<strong># Alameda Research invests $4M in Vietnamese DeFi project <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvMTA4Njk3MTgtNDJkYi00NjVjLWFkNmQtNDBjZWVlOTVmMzQ1LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Alameda Research has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.chainnews.com\/news\/467704618835.htm\">expanded<\/a> its investment portfolio by allocating $4 million to Coin98 Finance, an up-and-coming decentralized finance platform from Vietnam, according to Chinese fintech outlet Chain<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a>.<\/p>\n<p>Coin98 Ventures, the venture capital firm behind Coin98, reportedly <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.forbes.com\/sites\/youngjoseph\/2021\/04\/06\/alameda-research-invests-4m-in-coin98-finance-a-defi-ecosystem-from-southeast-asia\/?sh=2857b67b4940\" data-amp=\"https:\/\/www-forbes-com.cdn.ampproject.org\/c\/s\/www.forbes.com\/sites\/youngjoseph\/2021\/04\/06\/alameda-research-invests-4m-in-coin98-finance-a-defi-ecosystem-from-southeast-asia\/amp\/\">operates<\/a> the biggest cryptocurrency fund in Vietnam and is also a key backer of the Solana Ecosystem Fund, which recently raised $40 million in strategic investments from major digital currency exchanges. <\/p>\n<p>As ChainNews notes, Coin98 operates a decentralized exchange and wallet, with transaction volumes totaling $20 million in March. The exchange boasts of roughly 200,000 users, mainly in Southeast Asia.<\/p>\n<p>Alameda Research is a quantitative investment firm that manages over $100 million in digital assets. It also operates FTX, one of the largest derivatives exchanges in all of crypto, with reported trade volumes of $11.3 billion as of Tuesday. <\/p>\n<p>Alameda is in the midst of an investment frenzy as the company seeks to expand its balance sheet and carve out a stronger position within the cryptocurrency sector. In March, Alameda invested $2 million in Efficient Frontier, a Tel Aviv-based algorithmic crypto market maker. During the same month, Alameda allotted $20 million to Reef Finance, a Polkadot-based DeFi platform. <\/p>\n<p>The DeFi market achieved a major milestone on Tuesday after breaking $100 billion in total value locked. As Cointelegraph reported, the DeFi sector\u2019s TVL was less than $21 billion at the start of 2021. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/alameda-research-invests-4m-in-vietnamese-defi-project\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Alameda Research invests $4M in Vietnamese DeFi project &#8221; Alameda Research has expanded its investment portfolio by allocating $4 million to Coin98 Finance, an up-and-coming decentralized finance platform from Vietnam, according to Chinese fintech outlet ChainNews. Coin98 Ventures, the venture capital firm behind Coin98, reportedly operates the biggest cryptocurrency fund in Vietnam and is&#8230;<\/p>\n","protected":false},"author":1,"featured_media":220525,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvMTA4Njk3MTgtNDJkYi00NjVjLWFkNmQtNDBjZWVlOTVmMzQ1LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74860,74868,25196,117,73711,71813],"class_list":["post-220524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrency-exchange","tag-defi","tag-asia","tag-business","tag-investments","tag-vietnam"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/220524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=220524"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/220524\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/220525"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=220524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=220524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=220524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}