Overview

0x Labs provides APIs that enable developers to integrate cryptocurrency trading functionalities into their applications, offering access to a wide range of trading pairs from over 100 exchanges. The company serves clients in the fintech and Web3 sectors, helping them build secure decentralized applications that can support millions of users. 0x Labs stands out by simplifying the integration process for developers and focusing on security through rigorous audits of their smart contracts. Their goal is to be a key resource in the Web3 and fintech markets, providing essential tools for innovation in the blockchain space.

Simplify's Take

What believers are saying

• Integration with Robinhood and Coinbase Wallet validates 0x Labs' market potential.
• $70 million Series B funding enhances infrastructure and market expansion opportunities.
• Expansion to the Optimism network offers faster transactions and reduced costs for developers.

What critics are saying

• Competition from DEX aggregators like 1inch and Paraswap is intensifying.
• New blockchain networks like Base may fragment liquidity and challenge 0x's market position.
• Potential regulatory scrutiny on 'gasless' transactions could impact 0x's API offerings.

What makes 0x Labs unique

• 0x Labs offers a 'gasless' swap API, reducing transaction costs for users.
• The company provides unmatched liquidity by sourcing from over 100 exchanges and market makers.
• 0x Labs' APIs enable developers to integrate advanced trading functionalities into their applications.

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Funding

Total Funding

$109M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:

Greylock Partners

Notable Investors:

Greylock Partners

$70,000,000

Series B

Apr 2022

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Above Average

Industry standards

Ind Avg. $35M

$4M

$30M

$45M

$65M

$70M

$100M

View all funding stages