PANews reported on May 21 that, according to GlobeNewswire, IOTrader, a perpetual contract and prediction market protocol for the BNB Chain ecosystem, has completed a $3.8 million strategic funding round. Investors include Animoca Brands, ViaBTC Capital, Everwood Capital, CANDAQ, WAGMI Ventures, Credit Scend, and Web3 Labs.

Over the past 11 months, the protocol has integrated perpetual futures, prediction markets, customized event markets, and AI-assisted trading into a single wallet experience, with cumulative trading volume exceeding $1 billion and tens of thousands of monthly active traders. The IOI token has not yet been launched, but the smart contracts have completed third-party security audits, and the white paper has been submitted to the Central Bank of Ireland in accordance with the EU's MiCA framework.