April 01, 2024
Merkle Trade, a decentralized trading platform that provides leveraged trading in crypto, forex, and commodities, announced the successful closure of a $2.1 million seed round. The funding was led by Hashed and Arrington Capital, with additional participation from Morningstar Ventures, Amber Group, Aptos Labs, Re7 Capital, and Dorahacks.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Category |
---|---|---|---|---|---|
Merkle Trade | April 1, 2024 | $2.1M | Seed | $2.1M | DeFi |
Merkle Trade aims to make trading an engaging and social activity accessible to all. By integrating gaming elements and social trading features, the platform seeks to democratize the trading experience. Launched at the end of 2023, this latest funding will support Merkle Trade's growth initiatives and solidify its position as a leading decentralized perpetuals trading platform.
The funding round saw strong interest from top-tier investors, reflecting confidence in Merkle Trade’s vision and potential market impact. With 90,000 traders and $5 billion in trading volume within just four months, Merkle Trade has quickly become a leading perpetual DEX on Aptos, ranking within the top-10 decentralized derivatives platforms.
About Merkle Trade:Â
Merkle Trade is a decentralized trading platform offering leveraged trading in crypto, forex, and commodities with up to 1,000x leverage. The platform combines simplified trading UX and gamified trading features, catering to both seasoned traders and newcomers. Merkle Trade ensures an unparalleled trading experience by integrating competition and gaming elements. Traders can earn points, level up, and receive rewards while trading independently or alongside peers.
Website:Â https://merkle.trade/Â
X Account:Â https://x.com/merkle_trade
X Followers today:Â 17,417
X Followers 30 days ago: 16,433
X Follower change: 984 (+5.99)
About Investor
Investor:Â Hashed
Hashed is a team of blockchain experts based in Seoul, Singapore, Bengaluru, and Silicon Valley. They believe in the transformative power of decentralization and aim to accelerate blockchain adoption by investing resources and empowering entrepreneurs to create the future of blockchain technology.
Location:Â United States
Website:Â https://www.hashed.com/Â
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