PANews reported on April 23 that according to Finance Feeds, AI-driven digital asset trading platform BitradeX has completed a £12 million (approximately $15.96 million) Series A financing round led by Bain Capital. The financing will be used to establish a global AI strategy laboratory and upgrade compliance infrastructure.

According to reports, BitradeX was founded in 2022. Its core product, the ARK trading model, is based on a trillion-parameter architecture and integrates the methodologies of DeepSeek and Qianfan, providing high-frequency trading execution with sub-second latency. The platform holds the UK FCA and US MSB licenses. Its pioneering AI protection pool mechanism uses 100 BTC as the initial reserve funds.