A naukri.com initiative
Global Fintech Series
1M
216
Image Credit: Global Fintech Series
True Markets Raises $11 Million and Launches Stablecoin-Native DeFi Trading App
- True Markets has raised $11 million in Series A funding, bringing total funding to $20 million with support from various investors including Accomplice, RRE Ventures, and PayPal Ventures.
- The True Markets app, launched on the Apple App Store, focuses on stablecoin-native DeFi trading and operates exclusively on Solana blockchain for fast and low-cost transactions.
- Founded by former executives of Coinbase and Circle, True Markets aims to provide a seamless, non-custodial trading experience with real-time market sparklines and enhanced execution.
- The app features seamless custody through hosted wallets, superior price execution, and gasless trading, offering secure and simplified trading for retail users.
- True Markets plans to expand its offerings to include more assets, both from CeFi and DeFi ecosystems, and integrate its own centralized exchange, TrueX, for deeper liquidity.
- The founders emphasize the importance of fair and transparent trading experiences, giving users more control, access, and less risk in the crypto market.
- True Markets combines institutional-grade tools with intuitive design, aiming to redefine retail trading in DeFi by providing markets and liquidity globally.
- The platform integrates security with simplicity, allowing users to trade confidently with secure key management and automated on-chain actions, all within a non-custodial framework.
- With a focus on real-time market visualization, seamless custody, and enhanced execution, True Markets aims to make DeFi trading accessible, intuitive, and competitive for all users.
- True Markets' vision includes broader asset support, regulatory-grade compliance, and qualified custody, all within a mobile-first, institutional-grade trading platform.
Read Full Article
13 Likes
For uninterrupted reading, download the app