Peer-to-peer trading startup Variational raises $50 million for real-world perps in funding round led by Dragonfly
60-second summary
Variational, a peer-to-peer trading startup, raises $50 million in a funding round led by Dragonfly, to offer perpetual futures on real-world assets. The company initially focuses on oil, silver, copper, and gold, allowing traders to bet on the price fluctuations of these commodities. This move expands the cryptocurrency derivatives market, potentially attracting institutional investors.
The company is initially offering perpetual futures on real-world assets including oil, silver, copper and gold.