True Markets Raises $11M in Series A for Solana-Based Crypto Trading App

The DeFi platform, founded by Coinbase and Circle veterans, launches a mobile app on Solana, offering non-custodial, stablecoin-native trading with enhanced user experience.

375d ago

Summary

True Markets, a new DeFi trading platform, has launched its mobile app on Solana and closed an $11 million Series A funding round, bringing its total funding to $20 million. Co-led by Accomplice and RRE Ventures, with participation from PayPal Ventures and others, the investment supports True Markets' mission to provide a non-custodial, mobile-first DeFi trading experience. The app offers features like gasless execution, smart order routing, and embedded key management, prioritizing speed, simplicity, and transparency for retail users.

Terms & Concepts

DeFi: Decentralized Finance, a system of financial services and products built on blockchain technology, operating without traditional intermediaries.
Non-custodial: A system where users maintain full control of their crypto assets, rather than entrusting them to a third party.
Stablecoin-native execution: Trading that primarily uses stablecoins (cryptocurrencies designed to maintain a stable value) for transactions and pricing.