dTrade

dTrade, a product by Seed Labs, is an open-source software development company building products for traders in the Web 3.0 ecosystem.

dTrade aims to capture a slice of the heavily centralized, multibillion-dollar market for crypto derivatives.

dTrade was founded in Pakistan in 2020, by Ahmad Jawaid, Zabi Mohebzada, Rabeel Jawaid, and Yameen Malik. The company is headquartered in Toronto.

 

dTrade is built on a Polkadot Smart Contract Chain and is designed to function as a fully decentralized public utility, owned and controlled by the community of token holders.

 

dTrade has created an on-chain program to collect pledges of capital, which go directly to market-maker accounts – firms that place both buy and sell orders for some tradable asset and pocket the spread to provide liquidity on the exchange’s books.

 

dTrade is backed by Alameda, Polychain, DeFiance, CMS, Hypersphere, Three Arrows Capital, Divergence, Altonomy, ParaFi Capital, and others. The company raised $22.3M in a new round on Sep 14, 2021. This brings dTrade's total funding to $30.1M to date.

 

 

  • Year founded: 2020
  • Funding Info: $30.1M over 3 Rounds (Latest Funding Type: Venture- Series Unknown)
  • Yearly Revenue: NA
  • Employee Size: 11-50
  • Business Valuation: NA
  • City/Town: Toronto
  • State: Ontario
  • Country: Canada
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