DerivaDEX
Latest round
- Seed
Last raised
- Jul 2020
Total raised
- $2.7M
Investors
- 6
About DerivaDEX
Founded in 2020 by Aditya Palepu and Frédéric Fortier, DerivaDEX is headquartered in Palo Alto, US. The company operates a decentralized exchange platform that enables users to trade cryptocurrencies in a secure environment.DerivaDEX operates as a decentralized exchange (DEX) that combines the advantages of traditional centralized exchanges with the autonomy afforded by decentralization. Its core offerings include a real-time price feed, rapid trade execution, and a competitive fee structure designed to enhance user experience for traders. The platform is governed by its users, including traders and token holders, who participate in decision-making regarding exchange features through a decentralized autonomous organization (DAO). The native token, DDX, plays an integral role in the ecosystem, facilitating governance, fee reductions, and staking opportunities for users.DerivaDEX generates revenue primarily through transaction fees applied to trades executed on its platform. Users engage in trades using the exchange's native DDX token, which can also provide fee discounts when utilized for transactions. The trading structure is based on a B2C model, where individual traders transact directly on the platform, optimizing for decentralized trading efficiency. Furthermore, the exchange incorporates an insurance fund, where users can stake DDX to participate in insurance mining, creating an additional avenue for revenue generation while enhancing the overall trader experience. The company aims to introduce new trading features and tools designed to improve user engagement and trading efficiency. Moreover, DerivaDEX is targeting expansion into additional international markets, with plans to roll out its services in Europe and Asia by the end of 2022, further solidifying its presence in the global cryptocurrency trading landscape.
Who invested in DerivaDEX
6 investors across 1 round
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Funding rounds
Seed
Jul 29, 2020
Amount
$2.7M
Investors
Questions about DerivaDEX
Who invested in DerivaDEX?
DerivaDEX has 6 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has DerivaDEX raised?
DerivaDEX has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did DerivaDEX last raise money?
DerivaDEX's most recent round on record is a Seed, in Jul 2020.
What does DerivaDEX do?
Founded in 2020 by Aditya Palepu and Frédéric Fortier, DerivaDEX is headquartered in Palo Alto, US.
Where is DerivaDEX headquartered?
DerivaDEX is headquartered in Palo Alto, US.
Which VCs invest in companies like DerivaDEX?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at DerivaDEX's stage. Their profiles are linked below.
VCs backing financial services startups at Seed
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