Wintermute

Euler is a non-custodial lending protocol built on Ethereum that allows users to lend and borrow a wide range of crypto assets without relying on a trusted third party. The platform offers a capital-efficient solution for earning interest on crypto holdings and provides mechanisms to hedge against market volatility. By utilizing reactive interest rates informed by control theory, Euler's system adapts in real-time to market conditions, enabling users to manage risk effectively. This innovative approach allows clients to engage with a diverse array of crypto assets while minimizing risk exposure.

Blum is a technology company that operates a decentralized exchange platform for cryptocurrencies. Its platform enables direct trading from third-party crypto wallets, utilizing an off-chain order book and on-chain settlements. This design allows for streamlined listing processes of crypto projects and instant transactions from personal wallets, such as MetaMask or Trust Wallet.

GTE is a decentralized trading platform that offers end-to-end trading services.

The new playbook for financial freedom.

Crossover Markets Group operates a digital asset exchange specifically tailored to address the liquidity requirements of institutional clients. The company's platform is engineered to enhance the speed of cryptocurrency trading and minimize latency, aligning with the performance standards demanded by institutional investors in traditional foreign exchange and equity markets. By facilitating seamless cryptocurrency transactions, Crossover Markets aims to provide a reliable trading environment that supports the unique needs of its institutional clientele.

Raven is a next generation algorithmic high-frequency trading firm that is focused on long-lasting partnerships and building the future of digital finance.

Reya offers trading-optimized modular L2 immediate liquidity, lightning-fast transactions, and higher APYs.

Backpack is a fully regulated global cryptocurrency exchange that innovates to deliver an engaging, enjoyable, and simple trading environment for both seasoned and new web3 users.

Ithaca Finance operates a cross-chain derivatives trading and settlement protocol that combines an on-chain settlement layer with an off-chain matching engine. The platform focuses on decentralized trading and leverages blockchain technology to break down option payoffs into fundamental smart contract-based components. This approach facilitates atomic order matching, which allows investors to enhance their potential returns on investments. Through these innovative features, Ithaca Finance aims to streamline the derivatives trading process while providing a robust framework for market participants.

Woo X is a high-performance crypto trading platform.

WOO Network is a trading platform provider focused on delivering above-average liquidity for spot and futures trading while offering zero or negative trading fees. Its innovative platform connects traders, exchanges, institutions, and decentralized finance (DeFi) platforms, facilitating democratized access to liquidity and efficient trading execution. By emphasizing user-friendly access to high-quality market liquidity at minimal costs, WOO Network aims to enhance the trading experience for a diverse range of participants in the financial ecosystem.

One Trading operates as an institutional-grade spot exchange for digital assets, catering to both retail and institutional investors. The company holds a Virtual Asset Service Provider (VASP) license in Italy and is in the process of applying for a MiFID II license to expand its offerings to regulated crypto derivatives. Its trading platform, developed in partnership with AWS, provides users with advanced features including market data, charting tools, and efficient order execution, enhancing the trading experience. As one of the fastest digital asset trading venues in the market, One Trading aims to facilitate effective trading for its clients.

Vertex Protocol is a decentralized FX trading platform.

DFlow is a payment-for-order-flow marketplace that provides transparent and market-driven price discovery for order flow. They provide a decentralized market platform to ensure the most optimal execution environment for consumers. The market-driven approach to PFOF used by DFlow allows the public to see live market prices for token pairs.

Econia Labs is a decentralized finance (DeFi) protocol built on the Aptos blockchain, focused on creating a back-end infrastructure for financial applications. It has developed an on-chain order book that facilitates equitable access to global markets while promoting composability among various decentralized applications. By providing a foundational settlement layer, Econia enables developers and market makers to utilize a shared trading venue, allowing participation from diverse sectors of the ecosystem. This approach aims to enhance accessibility and efficiency within the DeFi landscape.

Crossover Markets Group operates a digital asset exchange specifically tailored to address the liquidity requirements of institutional clients. The company's platform is engineered to enhance the speed of cryptocurrency trading and minimize latency, aligning with the performance standards demanded by institutional investors in traditional foreign exchange and equity markets. By facilitating seamless cryptocurrency transactions, Crossover Markets aims to provide a reliable trading environment that supports the unique needs of its institutional clientele.

Mauve operates as a decentralized exchange with the compliance of traditional finance.

Zerion Inc. is a blockchain software company based in San Francisco, California, founded in 2015. It specializes in decentralized finance (DeFi), providing a platform that allows users to invest, earn interest, and borrow cryptocurrency assets. Zerion's primary offering is an investment app that aggregates data from major decentralized exchanges, enabling users to manage their digital assets from a single interface. The platform features real-time asset tracking with live price updates and instant notifications. Additionally, Zerion emphasizes a non-custodial approach, meaning users retain control of their funds and do not have to delegate them to the platform, thereby mitigating centralization risks. The company also offers CryptoTrader, an application designed to track the cryptocurrency market through charts, news, and alerts, further enhancing user engagement in the evolving financial landscape.

Hashflow is a decentralized exchange (DEX) aggregator that allows users to trade digital assets seamlessly across various leading blockchains, including Ethereum, Arbitrum, Avalanche, BNB Chain, Optimism, Polygon, and Solana. Utilizing an intent-based smart order routing system, Hashflow provides traders with optimal prices and access to over $8 billion in liquidity, facilitating trades of any token in a matter of seconds. Since its launch in April 2021, the platform has achieved more than $18 billion in total trade volume. The Hashflow team comprises seasoned professionals from diverse backgrounds, including technology, finance, and entertainment sectors. The company is supported by notable investors and venture capital firms, enhancing its position within the blockchain ecosystem. Hashflow aims to blend centralized order matching with decentralized custody and settlement solutions, offering users a hybrid trading experience that emphasizes non-custodial options.

Thalex is a cryptocurrency-native derivatives trading platform that focuses on options and futures trading. Established in 2020 and headquartered in Mahé, Seychelles, Thalex aims to provide a stable and innovative environment for traders seeking to leverage the opportunities in digital assets. The platform features multi-collateral support and offers fee advantages for multi-leg options and futures strategies. Additionally, Thalex enhances trading efficiency and risk management through strategic partnerships with liquidity providers and major exchanges, ensuring that collaterals are securely held with partner exchanges.

Ondo Finance is a developer of a cryptocurrency trading platform aimed at making decentralized finance accessible to a broader audience. The platform provides users with the flexibility to choose between downside protection and enhanced returns, catering to various risk tolerances. By offering these options, Ondo Finance enables individuals to participate in decentralized finance yields while aligning their investment strategies with their personal financial goals.

Treehouse reimagines workflows for digital asset traders and investors through Hyperion, cryptocurrency's most powerful and actionable portfolio management and market intelligence toolset.

Hex Trust is a licensed provider of bank-grade custody solutions for digital assets, established in 2017 and headquartered in Sheung Wan, Hong Kong. The company operates through its proprietary platform, Hex Safe™, which offers a range of services, including custody, decentralized finance (DeFi), brokerage, and financing solutions. Targeting financial institutions, digital asset organizations, and private clients, Hex Trust aims to facilitate the integration of digital assets into their business models while adhering to a secure, scalable, and compliant framework. The firm is registered as a Trust Company under the Hong Kong Trust Ordinance and holds a Trust or Company Service Provider license, along with a Capital Markets Services license in Singapore, allowing it to provide regulated custodial services. With additional offices in Singapore and Vietnam, Hex Trust is also expanding its presence across Europe and the Middle East to further enhance its service offerings.

Size operates a virtual auction marketplace that facilitates sealed-bid auctions for both vested and unvested tokens. The platform enables users to engage in these auctions, providing a unique environment for token trading. Currently, the company is functioning in stealth mode, indicating a focus on development and refinement of its offerings before a public launch.

Zeta Markets is a decentralized finance (DeFi) derivatives platform that facilitates liquid derivatives trading for both individual and institutional investors. The platform allows users to hedge, speculate, and take positions on a wide array of market movements through its under-collateralized derivatives offerings. Utilizing Solana's efficient and censorship-resistant infrastructure, Zeta Markets provides quick pricing updates, enables swift trade executions, and allows for position settlements in under a second, all with minimal transaction costs. By focusing on simplifying the derivatives trading experience, Zeta Markets aims to create a user-friendly ecosystem that caters to diverse trading needs.

Futureswap is a decentralized futures exchange platform that leverages blockchain technology to facilitate non-custodial trading. Based in San Francisco, California, the company specializes in automated market making (AMM) algorithms, enabling users to buy and sell cryptocurrency futures contracts efficiently. By providing a decentralized environment, Futureswap aims to enhance trading flexibility and security for its users.

Zerion Inc. is a blockchain software company based in San Francisco, California, founded in 2015. It specializes in decentralized finance (DeFi), providing a platform that allows users to invest, earn interest, and borrow cryptocurrency assets. Zerion's primary offering is an investment app that aggregates data from major decentralized exchanges, enabling users to manage their digital assets from a single interface. The platform features real-time asset tracking with live price updates and instant notifications. Additionally, Zerion emphasizes a non-custodial approach, meaning users retain control of their funds and do not have to delegate them to the platform, thereby mitigating centralization risks. The company also offers CryptoTrader, an application designed to track the cryptocurrency market through charts, news, and alerts, further enhancing user engagement in the evolving financial landscape.

SynFutures operates a decentralized derivatives platform that facilitates the trading of synthetic assets, allowing users to create and trade various digital asset pairs using a single digital token as margin. The platform aims to establish an open and trustless derivatives market by enabling trading on any asset with a price feed. By promoting a free market environment and increasing the diversity of tradable assets, SynFutures seeks to lower the barriers to entry in the derivatives market, thereby fostering a more equitable exchange for digital assets.

dYdX is a decentralized exchange that provides traders with a secure and efficient platform for various financial activities. Established in 2017 by Antonio Juliano, a former engineer at Coinbase and Uber, dYdX operates on audited smart contracts on Ethereum, ensuring transparency and security without relying on a central authority. The platform offers a range of trading options, including perpetual, margin, and spot trading, along with borrowing and lending pools. Users can earn interest on deposits or take loans at nominal fees, enabling them to trade on margin with customized leverage. dYdX aims to create an open financial system, granting users access to vital financial tools while facilitating fully collateralized loans for short-selling.

Bitpanda GmbH is a digital assets platform based in Vienna, Austria, founded in 2014. The company facilitates the buying and selling of cryptocurrencies, fractional stocks, and precious metals, aiming to simplify access to financial markets for users. Its platform offers features such as low fees, 24/7 trading, real-time settlement, and various payment options, allowing users to manage their investments conveniently. Bitpanda also provides a debit card that enables users to spend their investments like cash, further enhancing the accessibility and usability of digital assets.

Qredo Ltd is a London-based company that operates a platform designed to facilitate the secure and efficient movement of digital assets for institutional traders. Established in 2011, Qredo provides an open protocol and decentralized, multi-party computation network that enhances the security and custody of digital assets. Its solutions address the operational challenges and security risks associated with wallet key management, trading, storage, and transfer of these assets. By offering features such as cross-chain liquidity, treasury management tools, and peer-to-peer trading venues, Qredo aims to streamline the digital asset management process while mitigating cyber threats.

Hashflow is a decentralized exchange (DEX) aggregator that allows users to trade digital assets seamlessly across various leading blockchains, including Ethereum, Arbitrum, Avalanche, BNB Chain, Optimism, Polygon, and Solana. Utilizing an intent-based smart order routing system, Hashflow provides traders with optimal prices and access to over $8 billion in liquidity, facilitating trades of any token in a matter of seconds. Since its launch in April 2021, the platform has achieved more than $18 billion in total trade volume. The Hashflow team comprises seasoned professionals from diverse backgrounds, including technology, finance, and entertainment sectors. The company is supported by notable investors and venture capital firms, enhancing its position within the blockchain ecosystem. Hashflow aims to blend centralized order matching with decentralized custody and settlement solutions, offering users a hybrid trading experience that emphasizes non-custodial options.

Bluefin operates a decentralized derivatives exchange that leverages innovative blockchain technology to facilitate access to global financial markets. The platform is designed for both novice and experienced traders, offering features such as leverage trading, short selling, and rapid trade settlement. By combining the security and transparency of decentralized systems with the efficiency and low costs typically associated with centralized exchanges, Bluefin aims to democratize trading for users worldwide. The company is supported by a group of prominent investors, enhancing its position in the competitive trading landscape.

dYdX is a decentralized exchange that provides traders with a secure and efficient platform for various financial activities. Established in 2017 by Antonio Juliano, a former engineer at Coinbase and Uber, dYdX operates on audited smart contracts on Ethereum, ensuring transparency and security without relying on a central authority. The platform offers a range of trading options, including perpetual, margin, and spot trading, along with borrowing and lending pools. Users can earn interest on deposits or take loans at nominal fees, enabling them to trade on margin with customized leverage. dYdX aims to create an open financial system, granting users access to vital financial tools while facilitating fully collateralized loans for short-selling.

Serum is a pioneering decentralized cryptocurrency ecosystem that offers trustless trading through its innovative platform, developed in collaboration with a consortium of experts in cryptocurrency trading and decentralized finance (DeFi). Built on the Solana blockchain, Serum is designed to facilitate fast and efficient transactions while enabling trustless cross-chain trading. The platform aims to enhance the decentralized finance landscape by providing low transaction costs and improved returns for users. Serum operates on a permissionless basis, empowering the crypto community to leverage its capabilities without centralized control.