Foresight Ventures, a crypto venture capital firm with approximately $400 million in assets under management, has made a strategic investment of $15 million in cryptocurrency market maker CyberX. CyberX plans to use the funds to grow its teams in Asia and North America, integrate more exchanges and decentralised finance (DeFi) protocols, and expand its trading infrastructure. Decentralized finance is the practise of conducting financial transactions on a blockchain without the use of traditional middlemen. Market makers are essentially trading firms that bet on tokens and take the other side of trades on exchanges when other traders are attempting to buy in or out quickly.
