[LI.FI Completes $29 Million Financing, Led by Multicoin and CoinFund] BlockBeats News, December 11, according to Fortune magazine, cryptocurrency startup LI.FI has completed a $29 million financing round, led by Multicoin and CoinFund, bringing its total funding to approximately $52 million. LI.FI plans to expand into various trading sectors, including perpetual futures, yield opportunities, prediction markets, and lending markets, and also plans to use the new funds to hire more employees. LI.FI's co-founder and CEO Philipp Zentner stated that LI.FI has achieved profitability and generates revenue through transaction fees, though he declined to disclose specific revenue figures. As of October, the company's monthly transaction volume reached $8 billion, approximately seven times that of the same period last year. The company has over 100 employees.