Atlanta based decentralized exchange built on top of Lightning Network has raised $3.5m Series Seed from Pantera, YC, Initialized Capital, and Foundation Capital.
Following the seed round, the company is going to open trading to the public. In the beta stage, the transactions will be limited to the BTC/LTC trading pair while Sparkswap is testing its software. However, Griffith told crypto media The Block that the company is considering enabling trading for other assets, namely ZCash (ZEC) and Ethereum (ETH). Earlier this month, Radar, the startup behind decentralized exchange Radar Relay that raised $10 million last year, announced that it will soon release new Lightning Network developer tools. The solutions aim to bring new users to the crypto scalability solution, which was developed to provide nearly free and instantaneous transactions.