Ranger Labs, the builder of a Solana-based crypto derivatives exchange, has secured $1.9 million funding from venture investors to expand its offerings by integrating AI-powered crypto trading products. The startup aims to enhance its crypto perps aggregator by incorporating AI to develop new trading strategies and improve user access to automated trading solutions. Co-founder Coby Lim emphasized the synergy between AI and decentralized finance (DeFi), stating that both technologies are on a 'collision course.' With a current $30 million valuation and active trading since late December, Ranger has processed $25 million in trades. The company plans to further augment its protocol with the addition of two more liquidity sources, providing deeper accessibility for institutional traders. AI rollouts are anticipated in the coming quarters, presenting new opportunities for efficiency in trading through automated strategies. The investment round also included participation from notable firms like RockawayX, Asymmetric, and Big Brain Holdings, showcasing confidence in Ranger's growth potential in the evolving DeFi landscape.

Source 🔗