The Bitcoin trading app Oyl raised $3 million in pre-seed funding. 

The venture firm Arca led the round. Additional support came from the Arthur Hayes's Maelstrom Fund and Domo, creator of the BRC-20 token standard. BRC-20 is a Bitcoin-specific token standard enabling metadata to be minted on the smallest units of bitcoin, called satoshis. Bitcoin Ordinals are the non-fungible assets minted with associated metadata on the Bitcoin network. 

Oyl is building a trading platform for the Bitcoin ecosystem, such as a market aggregation tool for BRC-20 tokens, in-wallet trading features for Bitcoin and integration with a Bitcoin-focused DeFi platform OmniSat. The platform, called Oyl Wallet, will launch in the coming weeks, according to a company release. 

"Funds that have …