Dragonfly

Hibachi is a technology company that specializes in developing decentralized trading protocols. Its core focus is to enhance the security and transparency of trading operations for professional traders, utilizing advanced zero-knowledge (zk) mathematics. The platform aims to simplify trading by providing features such as proof of solvency, AI-assisted trading, multi-collateral support, and transparent market infrastructure.

Variational is a decentralized liquidity network that facilitates the trading and clearing of bilateral derivatives through automation. It operates as a global algorithmic market maker, focusing on digital assets and collaborating with decentralized finance protocols as well as traditional financial institutions and fintech companies. The firm specializes in developing quantitative systematic strategies, which enable clients to access liquidity in both traditional and decentralized derivatives markets. This innovative approach aims to streamline the trading process and enhance liquidity for its partners.

Polymarket is a prediction market platform that allows users to bet on the outcomes of various global events using cryptocurrency. Polymarket operates on the Ethereum blockchain, utilizing the Polygon network to enhance scalability and reduce transaction costs. Users connect to the platform through an Ethereum-compatible wallet and use the USDC stablecoin to place bets on events, ranging from political outcomes to entertainment predictions​.

Arbelos Markets is a developer of a crypto trading platform that facilitates liquidity in various derivatives markets, both in high-touch and programmatic formats. The company operates across decentralized and centralized finance venues, offering users tailored solutions in crypto derivatives. Through its innovative technology, Arbelos Markets enhances access and transparency for counterparties, fostering increased trust in bilateral over-the-counter derivatives. This focus on transparency and customized services positions the company as a significant player in the evolving landscape of cryptocurrency trading.

Galactic Holdings operates a digital finance platform that provides a comprehensive ecosystem for cryptocurrency transactions. Its offerings include TruBit, which facilitates fiat on/off ramps and payment solutions primarily for the Latin American market, and TruBit Pro, an advanced trading exchange. Additionally, the company has developed Moneta, a stablecoin pegged to the Mexican peso, which enhances the usability of cryptocurrencies for trading, remittance, and payment purposes. By combining a crypto wallet, exchange, and stablecoin, Galactic Holdings aims to simplify access to and use of cryptocurrencies for investors and consumers alike.

Bitget is a cryptocurrency derivatives platform that facilitates secure trading of digital assets. Launched in June 2019, it has rapidly emerged as one of the world's largest exchanges for crypto copy trading and derivatives, serving over two million users across more than 50 countries. The platform offers a range of trading options, including futures contracts and spot trading, and provides access to various digital securities, bitcoin, tokens, and other major cryptocurrencies. With a workforce of approximately 600, Bitget emphasizes social trading, innovating the trading experience through its flagship feature, One-Click Copy Trade, which has attracted over 55,000 professional traders and approximately 1.1 million followers. By promoting decentralized finance, Bitget aims to transform the way individuals connect and trade in the cryptocurrency market.

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.

Renegade operates as an on-chain dark pool, distinguishing itself from traditional non-custodial decentralized exchanges by ensuring complete anonymity throughout the trading process. The platform employs advanced technologies such as multiparty computation and zero-knowledge proofs, facilitating a trustless trading environment that enhances price execution. This system effectively mitigates issues like front-running and sandwich attacks, allowing sophisticated traders to achieve superior pricing. By utilizing peer-to-peer order matching and atomic settlement of transactions, Renegade provides a secure and efficient platform for dark pool trading.

Utorg is a fintech company based in Tallinn, Estonia, founded in 2020. It specializes in providing a modern infrastructure for fiat-to-crypto exchanges, enhancing the user experience in the digital currency space. The company is licensed to offer various virtual currency services, including the exchange of virtual currencies for fiat currencies and vice versa, as well as virtual currency wallet services. Its platform includes a global payment infrastructure and an application programming interface designed for businesses, facilitating efficient trading of cryptocurrencies. Utorg aims to streamline the process for consumers and businesses engaging with digital assets, positioning itself as a key player in the web3 consumer infrastructure landscape.

Skolem operates a data and trade execution platform designed for decentralized financial markets, aimed at facilitating institutional participation in DeFi. By providing a single integration point, Skolem enables institutions to engage in trading, yield farming, staking, and liquidity provisioning without significantly increasing their technical resources or portfolio risk. The platform offers a centralized hub for trading, borrowing, and lending, ensuring that institutional investors can execute complex trades with superior execution, even during periods of market volatility. Skolem's advanced infrastructure supports the full trade lifecycle, making it easier for institutions to navigate the DeFi landscape confidently.

Vibra is an online crypto-currency application that specializes in investments, blockchain, and funding services.

Cabital is a fintech company specializing in cryptocurrency savings and investment. It offers a user-friendly platform that allows both beginners and experienced traders to securely invest in cryptocurrencies, earning returns with minimal risk and cost. The platform also facilitates the buying and selling of cryptocurrencies, serving as a convenient on-and-off ramp for users.

Hedgehog is a developer of a cryptocurrency trading platform that caters to both institutional and everyday investors. It offers an all-in-one solution for managing cryptocurrency investments, featuring tools for research, portfolio tracking, and trade management. The platform enables users to track their coins and holdings, implement diversification strategies, and exchange cryptocurrencies at real-time prices. By providing these comprehensive tools, Hedgehog aims to empower investors to take control of their cryptocurrency portfolios effectively.

Sense Finance is a decentralized finance platform that operates a fixed-income protocol on the Ethereum blockchain. The protocol enables users to manage risk through self-directed strategies, allowing them to trade fixed rates and future yields on existing yield-bearing assets. By splitting these assets into principal and yield components, Sense Finance enhances users' ability to navigate and mitigate risks associated with fluctuations in the decentralized finance markets. This innovative approach to risk management positions Sense Finance as a significant player in the evolving landscape of decentralized finance.

Skolem operates a data and trade execution platform designed for decentralized financial markets, aimed at facilitating institutional participation in DeFi. By providing a single integration point, Skolem enables institutions to engage in trading, yield farming, staking, and liquidity provisioning without significantly increasing their technical resources or portfolio risk. The platform offers a centralized hub for trading, borrowing, and lending, ensuring that institutional investors can execute complex trades with superior execution, even during periods of market volatility. Skolem's advanced infrastructure supports the full trade lifecycle, making it easier for institutions to navigate the DeFi landscape confidently.

Alkimiya Protocol is a developer of an open-source, permissionless platform that focuses on creating financial instruments backed by actual hash power production. The protocol utilizes smart contracts to enable miners to sell their future production rewards for a predetermined amount. This innovation allows users to design and deploy hash power-backed financial instruments from any location, leveraging the latest web and mobile technologies to generate revenue. By facilitating a new way for miners to monetize their production, Alkimiya Protocol aims to enhance the financial landscape within the cryptocurrency sector.

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.

Kikitrade is a cryptocurrency social investment platform established in 2020 and headquartered in Hong Kong. The company focuses on providing both beginner and expert investors with a user-friendly and secure environment for cryptocurrency trading. Its digital asset trading platform is regulated by the Australian government's financial intelligence agency, ensuring the protection of user accounts. Kikitrade promotes a community-oriented approach by fostering an interactive and educational in-app experience, enabling users to engage with one another while learning about investments. The platform distinguishes itself by offering zero commission fees, making it accessible and appealing for mainstream investors looking to enter the cryptocurrency market.

Opyn is a decentralized protocol that facilitates options trading on Ethereum and ERC20 tokens. It allows users to earn premiums or express views on assets through the trading of options, specifically offering European, cash-settled options that automatically exercise upon expiry. Opyn's options, known as oTokens, are ERC20 tokens that can be traded on any decentralized exchange adhering to the ERC20 standard. The platform initially launched with Opyn v1, which established the first live ERC20 options protocol, enabling users to create, buy, and sell options for any ERC20 token. Opyn v1 continues to operate on the Ethereum network, providing a venue for American, physically settled options, while ongoing developments aim to expand the range of ERC20 options available. By optimizing capital efficiency and promoting inclusive trading practices, Opyn enhances the overall experience for the trading community.

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.

Stablehouse Ltd operates a stablecoin platform that facilitates payments, foreign exchange, trading, and liquidity solutions for individuals and institutions. Founded in 2018 and based in Hamilton, Bermuda, the company provides a range of services, including passive earning opportunities, merchant payment solutions, a payment wallet, and custom solutions tailored to client needs. The platform also features a crypto exchange, allowing users to invest in digital currencies while earning yield on their coin balances. By offering accessible financial transactions through various interfaces, Stablehouse aims to empower users to become informed cryptocurrency owners while minimizing risk.

CoFiX is a decentralized trading platform that focuses on providing accurate and cost-effective trading solutions in the cryptocurrency market. The platform features a decentralized price oracle, which supplies users with a comprehensive set of financial parameters. This allows users to verify prices and access arbitrage-free price feeds, enhancing the overall trading experience. By leveraging advanced technology, CoFiX aims to improve transparency and efficiency in crypto trading, catering to the needs of its users in a rapidly evolving financial landscape.

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.

DerivaDEX is a community-governed derivatives exchange designed to enhance performance and autonomy while ensuring the security of a decentralized platform. Built on the Ethereum blockchain, it employs a liquidity-mining token model that empowers users to engage actively in the governance and operations of the exchange. Utilizing an open order book and on-chain settlement for trades, DerivaDEX aims to create a next-generation trading environment. Its native token facilitates user participation and supports the exchange's decentralized structure, combining advanced technology with community oversight.

Paradigm Connect, doing business as Paradigm, is a zero-fee, liquidity network for crypto derivatives traders across CeFi and DeFi. The platform provides traders with unified access to multi-asset, multi-protocol liquidity on demand without compromising on price, size, cost, and immediacy. The firm’s mission is to create a platform where traders can trade anything, with anyone and settle it anywhere. Paradigm has the largest network of institutional counterparties in crypto with over 1,000 institutional clients trading over $10B per month, including Hedge Funds, OTC Desks, Lenders, Structured Product Issuers, Market Makers, and prominent Family Offices.

Opyn is a decentralized protocol that facilitates options trading on Ethereum and ERC20 tokens. It allows users to earn premiums or express views on assets through the trading of options, specifically offering European, cash-settled options that automatically exercise upon expiry. Opyn's options, known as oTokens, are ERC20 tokens that can be traded on any decentralized exchange adhering to the ERC20 standard. The platform initially launched with Opyn v1, which established the first live ERC20 options protocol, enabling users to create, buy, and sell options for any ERC20 token. Opyn v1 continues to operate on the Ethereum network, providing a venue for American, physically settled options, while ongoing developments aim to expand the range of ERC20 options available. By optimizing capital efficiency and promoting inclusive trading practices, Opyn enhances the overall experience for the trading community.

Coin Metrics Inc. is a provider of blockchain and cryptocurrency data analytics, based in Cambridge, Massachusetts. Founded in 2017, the company specializes in delivering market and network data, analytics, and research to various industries and institutions involved in crypto-assets. Its offerings include the CM Network Data Pro, which provides comprehensive historical data on top cryptocurrency assets, and the CM Market Data Feed, which standardizes trade, candle, and order book data from multiple exchanges. Additionally, Coin Metrics offers CM Reference Rates, which present fixed asset pricing in U.S. dollars. By focusing on transparency and actionable data, Coin Metrics aims to empower individuals and organizations to make informed financial decisions related to cryptocurrencies.

Amber Group Limited is a cryptocurrency financial services provider based in Hong Kong, founded in 2015. The company specializes in facilitating the buying and selling of cryptocurrency products and offers a range of services, including yield enhancement, collateralized lending, decentralized finance, execution services, and electronic market making. With a global presence that includes operations in Taipei, Seoul, and Vancouver, Amber Group serves over 200 institutional clients and has traded more than $200 billion across multiple electronic exchanges. It aims to optimize investment flexibility and maximize returns for its clients by leveraging advanced technology and quantitative research. Amber Group is dedicated to delivering a streamlined cryptocurrency finance experience, helping clients build and protect their wealth over the long term.

Matrixport is a comprehensive financial services platform focused on digital assets, allowing users to invest, trade, and leverage cryptocurrencies. The company provides a blockchain-based trading platform that facilitates the trading, custody, lending, and management of crypto assets. By offering a range of services, Matrixport empowers both individual users and institutional clients to effectively manage their financial resources and navigate the digital currency landscape.

CoinFLEX is a cryptocurrency derivatives exchange and yield platform that offers innovative trading solutions for crypto assets. It features a physically delivered crypto futures exchange designed to address the challenges associated with cash-settled futures contracts, allowing for high leverage opportunities without risks related to index or settlement manipulation. The platform aims to simplify and secure the trading processes for professional proprietary trading firms, hedge funds, and institutional investors in the cryptocurrency sector. Among its unique offerings are flexUSD, the first interest-earning stablecoin, and AMM+, a capital-efficient automated market maker. CoinFLEX is supported by prominent figures and investment firms in the crypto industry.

ErisX is a digital asset trading platform that facilitates access to both spot and futures markets for cryptocurrencies. Founded in 2018 and headquartered in Chicago, Illinois, the company integrates advanced technology and capital markets workflows to provide a reliable and compliant trading environment. ErisX's platform enables users to trade, deposit, and withdraw digital assets seamlessly, leveraging its exchange and clearinghouse capabilities to ensure robust market operations. The company aims to simplify the process of cryptocurrency trading for its clients while maintaining high standards of compliance and reliability.

Tagomi is a cryptocurrency trading platform that focuses on enhancing trade execution for its clients, allowing them to retain a greater portion of their returns. The platform employs advanced routing techniques and execution algorithms to analyze both real-time and historical data, which aids in determining optimal trading strategies. This approach not only facilitates access to priced liquidity and low commissions but also aims to minimize trading costs. By leveraging sophisticated technology, Tagomi strives to deliver improved trading outcomes for its users.

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.

Lumina Technologies Inc. develops a cryptocurrency trading platform that provides a comprehensive suite of services for managing digital assets. Established in 2018 and based in San Francisco, the company offers portfolio management, accounting, tax services, and trade execution specifically for cryptocurrencies. Lumina's platform is designed to help investment managers, including hedge funds and family offices, navigate the complexities of the digital assets landscape. It enables clients to visualize holdings, track performance, assess risk, and generate reports, thus streamlining operations and enhancing the management of digital asset portfolios. As a subsidiary of BitGo, Inc., Lumina is trusted by leading investment funds and professionals seeking institutional-grade solutions in the evolving financial ecosystem of cryptocurrencies.