# Merkle Trade

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/merkle-trade

- Industry: Financial Services
- Total disclosed funding: $2.1M
- Latest round: Seed (Mar 31, 2024)
- Investors on record: 7

## About

Merkle Protocols S.A. doing business as Merkle Trade operates as a financial technology company providing an online trading platform. In April 2024 the firm raised USD 2.1 million in seed funding co-led by investors Hashed Ventures and Arrington Capital, with participation from other investors Morningstar Ventures, Amber Group, Re7 Capital, and DoraHacks Ventures. The firm as of April 2024, has conducted over 1,207,300 trades worldwide with over USD 5.99 billion in total volume.

The company offers a gamified decentralized exchange (DEX) platform where users can trade, level up, and unlock instant rewards. With a focus on simplifying decentralized trading for all, the platform provides a trading environment for cryptocurrencies, forex, and commodities, offering leverage of up to 1000x. Additionally, Merkle Trade boasts zero gas fees, one-click trading, and blazing-fast order execution.

The company plans to utilize the April 2024 funding to support the expansion of its platform.

## Funding rounds

- Seed, Mar 31, 2024, $2.1M — Arrington Capital, Hashed Ventures, Amber Group, Morningstar Ventures, DoraHacks Ventures, Aptos Labs, Re7 Capital

## Investors

- Arrington Capital — Seed
- Hashed Ventures (https://capitalatlas.ai/funds/hashed-ventures) — Seed
- Amber Group — Seed
- Morningstar Ventures (https://capitalatlas.ai/funds/morningstar-ventures) — Seed
- DoraHacks Ventures — Seed
- Aptos Labs — Seed
- Re7 Capital (https://capitalatlas.ai/funds/re7-capital) — Seed