# Two Sigma Ventures Leads Funding Round for Decentralized Exchange
Two Sigma Ventures, a venture capital firm, has led a funding round for a decentralized exchange. This is the latest in a series of moves by traditional financial institutions that are showing increasing interest in the cryptocurrency and blockchain space.
## What is a Decentralized Exchange?
A decentralized exchange, or DEX, is a platform that allows users to buy and sell digital assets without a centralized intermediary. This means that users can manage their own funds and make transactions more securely, with improved privacy and reduced risk of theft.
## Two Sigma Ventures Leads the Round
Two Sigma Ventures, an early stage venture capital firm, has led a funding round for a decentralized exchange. The investment was made in order to expand the exchange’s services and technology. The amount of the funding has not yet been disclosed.
The decentralized exchange has raised a total of $15 million in venture capital over the past few years from a variety of investors, including Coinbase Ventures, Pantera Capital, and others.
## Increased Interest in the Cryptocurrency Space
This is the latest in a series of moves by traditional financial institutions that are showing increasing interest in the cryptocurrency and blockchain space. This is in line with the growing acceptance of the technology, which has seen it become increasingly mainstream.
In addition to Two Sigma Ventures, other major financial players have invested in the cryptocurrency space. These include Goldman Sachs, Fidelity, and JP Morgan Chase. As more institutional investors enter the market, it is likely that we will continue to see more widespread adoption of the technology.
Overall, this move by Two Sigma Ventures is yet another sign of the growing acceptance of cryptocurrency and blockchain technology. As more and more traditional institutions enter the space, it is becoming increasingly clear that these technologies are here to stay.