SynFutures is a next-generation Web3.0 decentralized derivatives infrastructure that creates an open and trustless derivatives market by enabling trading on anything with a price feed anytime.
SynFutures offers permissionless listings, enabling anyone to freely list and trade asset pairs.
SynFutures was co-founded in 2020 by Rachel Lin. The company is headquartered in Singapore.
SynFutures democratizes the derivatives market by employing an Amazon-like business model, giving users the tools to freely trade any assets and list arbitrary futures contracts within seconds.
SynFutures is rolling out its proprietary automated market maker (AMM) called Oyster. AMM, which emerged with the rise of decentralized finance or DeFi, uses algorithmic robots to make it easier for traders to buy and sell crypto assets, rather than having them trade with a traditional order book.
SynFutures is currently the largest derivatives exchange on Polygon and is among the top three most actively used decentralized derivatives exchanges. The company has amassed some 100,000 all-time traders (though one trader might have various wallet addresses). Its trading volume since October 2021 has reached $22B.
SynFutures is backed by Pantera Capital, Polychain Capital, Susquehanna International Group (SIG), HashKey Capital, Dragonfly Capital, Framework Ventures, Bybit, Wintermute, CMS, Kronos, IOSG Ventures, and others. The company raised $22M in a Series B round on Oct 19, 2023. This brings SynFutures' total funding to $37.4M to date.