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True Markets Raises $11M in Series A Funding
True Markets, an emerging player in the decentralized finance (DeFi) landscape, has successfully raised $11 million in a Series A funding round. This investment boosts its total funding to $20 million, according to a recent press release. The funding round was co-led by prominent investors Accomplice and RRE Ventures, with additional participation from Reciprocal Ventures, Variant Fund, and PayPal Ventures. Previous seed investors, including Paxos Ventures and the Solana Foundation, continue to provide support for the firm.
Innovative Mobile-First DeFi Trading App on Solana
Founded by seasoned professionals from Coinbase and Circle, Vishal Gupta and Patrick McCreary, New York-based True Markets aims to revolutionize retail trading in the DeFi sector. The platform’s newly launched mobile app, built on the Solana blockchain, promises a non-custodial, mobile-first experience for users. The app is designed to prioritize speed, simplicity, and transparency, making it an attractive option for traders looking for efficiency in their transactions.
Features of the True Markets App
The True Markets app enables users to trade tokens powered by stablecoins on the Solana blockchain. Key features include:
- Gasless Execution: Users can execute trades without incurring gas fees, making trading more accessible and cost-effective.
- Smart Order Routing: The app intelligently routes orders to provide the best possible prices across decentralized venues.
- Embedded Key Management: Thanks to a partnership with Turnkey, users can manage their keys securely without surrendering custody of their funds.
CEO Vishal Gupta expressed the platform’s mission, stating, “Retail traders have been stuck with clunky workflows, unclear pricing, and fragmented liquidity. Our goal is to deliver a fairer and more transparent experience that makes asset discovery simple, shows real-time market momentum, and feels as intuitive as the best apps on your phone.”
Future Plans for True Markets
True Markets has ambitious plans for growth, aiming to expand its offerings into both centralized finance (CeFi) and decentralized finance (DeFi) markets. Future integrations will include TrueX, a centralized exchange designed to bring institutional liquidity and qualified custody solutions to its users. This expansion will enable True Markets to cater to a broader audience, from retail traders to institutional investors.
Backed by Strong Infrastructure Partners
The app’s development is further strengthened by partnerships with key infrastructure providers like Turnkey and Definitive. These collaborations ensure that True Markets offers a robust platform featuring real-time market sparklines, automated execution, and hosted wallets that support immediate funding and trading—all within a non-custodial framework.
Conclusion
True Markets is positioning itself as a significant player in the DeFi space with its innovative mobile-first trading app on Solana. By addressing the pain points of retail traders and providing a seamless trading experience, the platform is set to attract a new wave of users eager to explore the benefits of decentralized finance. With solid funding and clear growth strategies, True Markets is poised for success in the rapidly evolving cryptocurrency landscape.
For more information about how to buy popular cryptocurrencies like Bitcoin, Ethereum, and Solana, check out our guides on how to buy Bitcoin, how to buy Ethereum, and how to buy Solana.
Stay tuned for more updates on the latest trends and developments in the cryptocurrency world!
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Meta Description: Discover how True Markets secured $11 million in Series A funding to launch a cutting-edge mobile DeFi trading app on Solana, revolutionizing the trading experience for retail users. Learn about its innovative features and future plans in the cryptocurrency space.
