as the crypto platform plans to transition its operations to providing the underlying infrastructure for trading across multiple blockchains.
Consensys' venture arm and New York-based investment firm Systemic Ventures also participated in the funding round, MYX announced.

The company did not disclose the amount of funds raised. In September, the group reportedly raised $5 million in strategic funding in a separate round, in which Consensys participated.

Consensys, an Ethereum software company known for its wildly popular crypto wallet MetaMask, is now the largest investor in MYX.

The new fundraising supports the launch of MYX V2, a significant technology upgrade designed to transform MYX's traditional trading platform into a professional engine that makes high-level crypto trading easier, faster, and less expensive for investors.

Among its features, MYX V2 will include so-called "one-click" and "gas-free" transactions, which will not require separate fees or additional digital signature documentation when executing trades.

MYX services are also designed to allow trades to be opened or closed at a more predictable price, regardless of the amount of funds currently held on a particular exchange. This will result in lower effective trading costs compared to underlying spot markets, immediate access to new assets, and stable execution even during periods of market stress, MYX stated.

This infrastructure-focused approach allows other applications to connect directly to the MYX engine, potentially reducing costs and increasing security for the next generation of digital financial products.