The Rails cryptocurrency exchange successfully raised $14 million in a token sale in April 2025, aimed at launching an innovative trading platform. This platform combines self-custody wallets and high transaction execution speed, addressing a key dilemma in the crypto market – the balance between speed and security. Additionally, in January 2024, Rails received $6 million in a seed round. Among the investors are well-known companies such as Kraken, Slow Ventures, CMCC Global, Quantstamp, and Round13 Capital.
Rails will utilize zero-knowledge proofs and Merkle trees to ensure secure trading of major crypto assets. The platform, launching in the USA, has an ambitious goal – to become an improved alternative to FTX, offering a unique token that will provide discounts on trading volumes but will not be used as collateral.
This token sale highlights the growing interest in decentralized financial solutions and strengthens Rails' position in the competitive market. Stay tuned for updates to learn more about the project and its impact on the crypto industry! Subscribe to #MiningUpdates for the latest news.
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