Crypto Options Trading Startup Synquote Raises $2.8M From Initialized, Polygon

Synquote, a self-styled decentralized exchange (DEX), plans to support the buying and selling of options in over 500 generally illiquid instruments atop layer2 Polygon, Avalanche and BNB Chain. It unlocks the liquidity by letting traders source options quotes directly from market makers – a first in decentralized finance, according to Imran Khan, whose startup accelerator AllianceDAO incubated Synquote and is also investing in the round.