We are happy to announce that dTrade has closed a seed investment round co-led by Three Arrows Capital and DeFiance Capital, with Polychain Capital, ParaFi Capital, Huobi, Mechanism Capital, Magic Ventures, Bixin Ventures, IOSG Ventures, Hypersphere Ventures, Chicago DeFi Alliance, LongHash Ventures and Fenbushi Capital participating.
Completing the funding round is a significant milestone on dTrade’s journey to capture and lead growth in decentralized derivatives trading. Other participants in the round, including Alameda Research, CMS Holdings, Wintermute, MGNR, PNYX, Kronos, Altonomy, and LedgerPrime, will support liquidity on dTrade. Highly liquid exchanges attract traders and build network effects. Additionally, Tiantian Kullander from Amber Group will be joining as Advisor to the team. Together we will bridge performance and usability in a way that will take decentralized trading mainstream.
dTrade is the first DEX for perpetual swaps and options built on Polkadot. dTrade’s technology stack enables leveraged derivatives trading with on-chain settlement, enabling limitless derivatives markets without custodial and counterparty risks. Its performant off-chain matching engine, coupled with a constant function market maker, creates a hybrid order book plus AMM trading experience with high liquidity and pricing efficiency. dTrade aims to engineer the trading experience of centralized exchanges while providing the security and transparency of DEXs.