Singapore based Sparrow raises USD 3.5 million in Series A funding
SINGAPORE, June 22, 2020-- Sparrow, the leading options trading platform has secured USD 3.5 million in Series A funding to accelerate platform development.
The round was led by the HDR Group, owner and operator of BitMEX, and supported by Signum Capital, Du Capital, and FinLab EOS VC.
Kenneth Yeo, CEO of Sparrow said, "We are really pleased that the round received strong support despite the harsh economic climate caused by COVID-19. The strong interest from investors validates our view that digital asset options will be the next high-growth market."
"We would like to thank our partners and users for their overwhelming support. Volumes have tripled since the start of the year. With this round of funding, we are in a good position to bring even more exciting trading products to t...