According to CoinMeta, Singapore-based decentralized perpetual contract exchange Antarctic announced the completion of a $7 million financing round, with a valuation of $70 million. This financing was participated in by Valisa Capital Markets, Lucidity Capital, Republic Crypto, and a proprietary trader who is new to the crypto asset space. The platform is aimed at retail derivatives traders and provides trading tools similar to those found on centralized exchanges. Members of its founding team have previously worked at OKX, Binance, and MEXC.