Funding wrap: Trading, market making, staking see funding after ETF approval

Centralized venues that facilitate trading and staking had a noteworthy funding week as crypto settles into a post-spot bitcoin ETF world. 

The week began with HashKey, one of Hong Kong’s two licensed exchanges, announcing a $100 million Series A. The firm’s $1.2 billion valuation gave it unicorn status. HashKey did not disclose its investors, though Bloomberg reported OKX Ventures took part in the round.

The round may heat up an arms race for retail crypto trading in Hong Kong. The company behind OSL, the city’s other exchange, raised $91 million through a share subscription in November. 

While announcing the round, HashKey said the funds would partly be used to drive…

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