Portal Raises $34M to Build Bitcoin DEX and Wallet for Custody-Free Cross-Chain Swaps
• Portal raised $34M seed round to develop bitcoin-based decentralized exchange (DEX) and non-custodial wallet • Investors include Coinbase Ventures, Arrington Capital, OKX Ventures, and Gate.io • Portal's DEX aims to enable peer-to-peer BTC swapping across blockchains without intermediaries • Funding round signals brighter prospects for crypto fundraising and growing interest in using bitcoin in DeFi • Portal wants to offer infrastructure for instant, custody-free BTC swaps across multiple blockchains