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News Explorer — DWF Labs Buys $15M in Synthetix's Native Token, Earmarks Investing Another $5M

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Mar 20, 10:30 am
Coindesk

DWF Labs Buys $15M in Synthetix's Native Token, Earmarks Investing Another $5M

DWF Labs has made a $20 million investment in Synthetix, across two SNX token purchases of $15 million and $5 million. Synthetix is a decentralized asset issuance protocol, and, following the investment, will integrate its perpetuals into DWF Labs' trading business. This follows the firm's $10 million purchase of Orbs Network's native token ORBS. SNX is currently up 2.89% on the day at $2.96.

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