[Cross-Chain Protocol LI.FI Secures $29 Million in Funding Led by Multicoin Capital and CoinFund]
Crypto infrastructure startup LI.FI has secured $29 million in funding, led by Multicoin Capital and CoinFund. The funds will be used to develop cross-blockchain price discovery and transaction path optimization tools, with plans to expand into perpetual contracts, prediction markets, and yield strategy sectors. The company is currently profitable and specializes in providing aggregated routing services for fintech, wallets, and trading platforms. Its existing partners include Robinhood, Binance, and Kraken, with a monthly transaction volume of $8 billion, aiming to help enterprises complete multi-chain transactions at the lowest cost.