{"id":39912,"date":"2021-03-31T18:35:46","date_gmt":"2021-03-31T15:35:46","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=39912"},"modified":"2025-08-30T11:47:53","modified_gmt":"2025-08-30T08:47:53","slug":"alameda-research-backs-south-african-prime-broker-ovex-with-4-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/alameda-research-backs-south-african-prime-broker-ovex-with-4-million\/","title":{"rendered":"Alameda Research backs South African prime broker OVEX with $4 million"},"content":{"rendered":"<p>OVEX, a crypto-prime broker based in South Africa, has secured $4 million from Alameda Research. The news is reported by <a href=\\\"https:\/\/www.theblockcrypto.com\/post\/99956\/crypto-prime-broker-ovex-raises-4-million-alameda\\\" target=\\\"_blank\\\" rel=\\\"noreferrer noopener\\\">The Block<\/a>.<\/p>\n<p>\\n\\n<\/p>\n<p>The strategic investment will be deployed to expand staff and pursue international expansion. OVEX identified the United Kingdom, the United Arab Emirates, Canada, Kenya and Nigeria as the most interesting regions to penetrate due to a \u201cdeficit of service offerings.\u201d<\/p>\n<p>\\n\\n<\/p>\n<p>According to founder and chief executive Jonathan Ovadia, the firm is in the process of launching its own trading operations desk in Dubai. Other markets will be served by staff in South Africa.<\/p>\n<p>\\n\\n<\/p>\n<p>Ovadia founded OVEX in 2017. The prime broker&#8217;s clients are institutional clients and affluent private individuals.<\/p>\n<p>\\n\\n<\/p>\n<p>Earlier in February, Alameda Research <a href=\"https:\/\/forklog.com\/en\/news\/alameda-leads-40-million-financing-round-for-defi-project-oxygen\">led<\/a> a financing round for Oxygen, a provider of prime-broker services in the DeFi sector.<\/p>\n<p>\\n\\n<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forklogfeed\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog<\/a> \u2014 the most important news, infographics and opinions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OVEX, the South African crypto prime broker, attracted $4 million from Alameda Research.<\/p>\n","protected":false},"author":1,"featured_media":39913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1435,1839,1211],"class_list":["post-39912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-alameda-research","tag-south-africa","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/39912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=39912"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/39912\/revisions"}],"predecessor-version":[{"id":39914,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/39912\/revisions\/39914"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/39913"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=39912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=39912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=39912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}