Brine Fi Raises $16.5M for Decentralized Crypto Exchange Offering Privacy and Front-Running Protection
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Brine Fi is a decentralized crypto exchange raising $16.5M from investors like Pantera Capital.
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It aims to provide the benefits of centralized exchanges like orderbooks while remaining decentralized.
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Brine uses zero-knowledge proofs for privacy and to prevent front-running attacks.
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It is targeting both retail and institutional crypto traders looking for alternatives to centralized exchanges.
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Decentralized exchanges currently lack KYC regulations but may face more oversight in the future.
![](https://techcrunch.com/wp-content/uploads/2023/09/Brine-Fi-Founders-2Shaaran-LakshminarayananCEO-Bhavesh-PraveenCTO-Ritumbhara-BhatnagarCDO.jpg?resize=1200,836)