# dYdX Trading

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/dydx-trading

- Industry: Financial Services
- Headquarters: San Francisco, US
- Website: www.dydx.exchange
- Total disclosed funding: $87M
- Latest round: Series C (Jun 15, 2021)
- Investors on record: 30

## About

dYdX Trading Inc. is a decentralized trading platform that integrates DeFi capabilities with institutional-quality features, allowing users to engage in advanced trading strategies across various financial products.Founded in 2017 in San Francisco, US, dYdX Trading Inc. operates as a decentralized trading platform. The company has conducted 4 deals, with its latest funding round being a Series C in June 2021, raising USD 65 mn led by Paradigm and supported by other investors including Andreessen Horowitz. The company is helmed by CEO and Founder Antonio Juliano.dYdX offers an advanced decentralized trading platform combining decentralized finance (DeFi) with institutional-grade features. Users can engage in perpetual trading with advanced order types and leverage up to 50x across over 200 markets. The MegaVault product enables yield earning on USDC without staking complexities, while innovative permissioned keys aid clients in automating execution and maintaining trading control. The platform primarily serves users outside the U.S., Canada, and restricted jurisdictions.dYdX generates revenue through trading fees on transactions executed on its platform, designed to be competitive against traditional exchanges. An affiliate program incentivizes high-volume traders, enhancing client engagement. The pricing structure allows users to access various financial instruments, aligning costs with market dynamics rather than imposing flat fees, which promotes active participation.Following its Series C funding of USD 65 mn in June 2021, dYdX Trading Inc. plans to utilize these resources to enhance its exchange features, add new assets to its perpetual contracts, and launch a new mobile app. The company aims to continue its international expansion and increase its workforce in 2022.

## Funding rounds

- Series C, Jun 15, 2021, $65M — Andreessen Horowitz, Three Arrows Capital, Polychain Capital, Electric Capital, StarkWare Industries Ltd., CMT Digital, HashKey Capital, Delphi Digital, QCP Capital, Wintermute Trading Ltd, Paradigm, CMS Holdings, LLC, Menai Financial Group, MGNR Holdings LP, Kronos Ventures, Sixtant
- Series B, Jan 26, 2021, $10M — Andreessen Horowitz, The Spartan Group, Three Arrows Capital, Polychain Capital, Kindred Ventures, 1Confirmation, Scalar Capital, Hashed Ventures, GSR, Wintermute Trading Ltd, RockTree Capital, DeFiance Capital
- Series A, Oct 19, 2018, $10M — Bain Capital, Andreessen Horowitz, Vy Capital, Abstract Ventures, Polychain Capital, Kindred Ventures, 1Confirmation, Craft Ventures, Dragonfly Capital
- Seed, Dec 19, 2017, $2M — Andreessen Horowitz, Caffeinated Capital, Abstract Ventures, Polychain Capital, Kindred Ventures, 1Confirmation

## Investors

- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Seed, Series A, Series B, Series C
- Caffeinated Capital (https://capitalatlas.ai/funds/caffeinated-capital) — Seed
- Abstract Ventures (https://capitalatlas.ai/funds/abstract-ventures) — Seed, Series A
- Polychain Capital (https://capitalatlas.ai/funds/polychain-capital) — Seed, Series A, Series B, Series C
- Kindred Ventures (https://capitalatlas.ai/funds/kindred-ventures) — Seed, Series A, Series B
- 1Confirmation (https://capitalatlas.ai/funds/1confirmation) — Seed, Series A, Series B
- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Series A
- Vy Capital (https://capitalatlas.ai/funds/vy-capital) — Series A
- Craft Ventures (https://capitalatlas.ai/funds/craft-ventures) — Series A
- Dragonfly Capital — Series A
- The Spartan Group — Series B
- Three Arrows Capital — Series B, Series C
- Scalar Capital — Series B
- Hashed Ventures (https://capitalatlas.ai/funds/hashed-ventures) — Series B
- GSR — Series B
- Wintermute Trading Ltd — Series B, Series C
- RockTree Capital — Series B
- DeFiance Capital — Series B
- Electric Capital (https://capitalatlas.ai/funds/electric-capital) — Series C
- StarkWare Industries Ltd. — Series C
- CMT Digital (https://capitalatlas.ai/funds/cmt-digital) — Series C
- HashKey Capital (https://capitalatlas.ai/funds/hashkey-capital) — Series C
- Delphi Digital — Series C
- QCP Capital (https://capitalatlas.ai/funds/qcp-capital) — Series C
- Paradigm (https://capitalatlas.ai/funds/paradigm) — Series C
- CMS Holdings, LLC (https://capitalatlas.ai/funds/cms-holdings-llc) — Series C
- Menai Financial Group — Series C
- MGNR Holdings LP — Series C
- Kronos Ventures (https://capitalatlas.ai/funds/kronos-ventures) — Series C
- Sixtant — Series C