Dark Mode
More forecasts: Johannesburg 14 days weather
  • Friday, 19 April 2024
Merkle Trade Secures $2.1M Seed Round to Advance Decentralized Trading Platform

Merkle Trade Secures $2.1M Seed Round to Advance Decentralized Trading Platform

Fueling Innovation in Decentralized Trading

Merkle Trade, a decentralized trading platform pioneering crypto, forex, and commodities trading with leverage up to 1,000x, has announced the successful closure of a $2.1M seed round. Led by prominent investors Hashed and Arrington Capital, with additional participation from Morningstar Ventures, Amber Group, Aptos Labs, Re7 Capital, and Dorahacks, this funding marks a significant milestone for the platform's growth and development.

 

Revolutionizing Trading with Innovation

Merkle Trade is on a mission to transform trading into an enjoyable and social activity accessible to all. By combining gaming elements and social trading, the platform aims to democratize the trading experience. With the recent infusion of capital, Merkle Trade is poised to further innovate as the leading decentralized perpetuals trading platform.

 

Investor Confidence in Merkle Trade

Commenting on the investment, Ryan Kim, Co-founder & Partner at Hashed, highlighted the profound appeal of non-custodial trading in the volatile crypto market. Michael Arrington, Founder of Arrington Capital, expressed confidence in Merkle Trade's vision to enhance trading experiences for both existing web3 traders and new entrants.

 

Impressive Growth and Success

Merkle Trade's emphasis on gamified trading has led to substantial growth and success. With 90,000 traders and $5 billion in trading volume within just four months since its inception, Merkle Trade has established itself as a leading perp DEX on Aptos and ranks within the top-10 across the entire decentralized derivatives ecosystem.

 

Expanding the Omnichain Platform

As an omnichain platform, Merkle Trade currently operates on Ethereum, Polygon, Arbitrum, Optimism, Binance Smart Chain, and Avalanche. This expansive reach enables traders to access the platform's innovative features across multiple blockchain networks.

 

Gamified Trading Experience

Merkle Trade gamifies the trading experience through its unique level-up system, rewarding active traders with loot boxes and exclusive NFT items. Traders can also participate in weekly trading missions, earning points and rewards based on their performance.

 

Future Development and Roadmap

With the latest round of funding, Merkle Trade plans to enhance its gamification and social features, including the introduction of an in-app marketplace for NFT items, trading battles, and copy trading functionality. Additionally, the platform aims to streamline the onboarding process for non-web3 native users, making it easier for newcomers to engage with decentralized trading.

 

About Merkle Trade

Merkle Trade is a decentralized trading platform that offers crypto, forex, and commodities trading with leverage up to 1,000x. With simplified trading UX and gamified features, the platform caters to both seasoned traders and newcomers alike, ensuring an unparalleled trading experience for all.

 

Shaping the Future of Trading

With the support of leading investors and a clear vision for innovation, Merkle Trade is poised to shape the future of decentralized trading. By prioritizing user empowerment, social connectivity, and gamification, the platform is breaking down barriers to entry and paving the way for mass adoption of blockchain-based trading solutions.

 

Comment / Reply From