Decentralized exchange infrastructure provider 0x Labs raises $70 million

0x Labs, a company that provides infrastructure for businesses to build in the decentralized exchange (DEX) space, has raised a $70 million Series B led by Greylock.

Pantera, OpenSea, and Jump Crypto also participated in the round, according to an announcement. 

DEXs are cryptocurrency exchanges that allow for peer-to-peer transactions to occur without the need for an intermediary, as is the case for a centralized exchange such as Coinbase or Kraken. 

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0x Labs says it provides developers and businesses the ability to incorporate DEX functionality into applica