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MarginFi Raises $3M For ‘Institutional-Grade’ Margin Trading

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Closeup of assorted American banknotes

MarginFi protocol has closed a $3 million seed funding round led by Multicoin Capital and Pantera to introduce margin trading to institutional clients.

Source: Blockworks

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The funds would be channeled to expand community and network development and support institutions and partner integrations.

MaginFi plans to launch a protocol for margin traders to manage open positions in multiple DeFi protocols through a single interface.

Mrgn Labs, the firm supporting MarginFi, says it will enable traders to operate via its cross-margining engine in a single API to manage various derivatives positions.

The platform announced that it is looking to whitelist new institutions and move $1 billion through the protocol before the end of the year.

The founder of Mrgn Labs, Edgar Pavlovsky, notes that the current trading approach is fragmented across multiple protocols hindering capital efficiency.

Margin trading is the use of borrowed funds to purchase financial assets, where traders can use leverage to gain exposure in a capital-efficient manner.

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