Trade.XYZ has not confirmed the reported equity round, as Cobie rejected the claim and others argued outside investors could still add strategic value after the platform's recent SK Hynix reimbursement plan.
Trade.XYZ is the subject of unverified market chatter about a possible $200 million equity financing at a $1.5 billion valuation, a claim the company has not confirmed. Debate intensified after crypto commentator ProMint said he had heard the fundraising claim from people he knows and viewed the reports as more likely to be genuine than market noise, while Telegram channel whoiskevin radar also circulated similar claims and said the raise would be structured as equity. Cobie pushed back, saying there was a 0% chance the company was raising money, and some community members questioned why Trade.XYZ would seek outside investors rather than funding from the Hyperliquid team led by Jeff. The speculation emerged days after Trade.XYZ said it would reimburse eligible users for liquidation losses tied to an SK Hynix price anomaly on July 27, an incident the company said resulted from external market data transmitted from South Korea's NextTrade pre-market and handled by its oracle according to design.