Scan to download
BTC $68,228.23 +0.21%
ETH $2,020.53 +2.34%
BNB $623.30 +0.78%
XRP $1.49 +2.26%
SOL $85.51 -0.30%
TRX $0.2807 -0.50%
DOGE $0.1015 +2.71%
ADA $0.2856 +1.55%
BCH $565.61 +1.41%
LINK $8.90 +1.08%
HYPE $29.43 -1.24%
AAVE $127.09 +2.09%
SUI $0.9790 +1.26%
XLM $0.1684 +1.36%
ZEC $286.16 +0.54%
BTC $68,228.23 +0.21%
ETH $2,020.53 +2.34%
BNB $623.30 +0.78%
XRP $1.49 +2.26%
SOL $85.51 -0.30%
TRX $0.2807 -0.50%
DOGE $0.1015 +2.71%
ADA $0.2856 +1.55%
BCH $565.61 +1.41%
LINK $8.90 +1.08%
HYPE $29.43 -1.24%
AAVE $127.09 +2.09%
SUI $0.9790 +1.26%
XLM $0.1684 +1.36%
ZEC $286.16 +0.54%

karatage

The cryptocurrency derivatives trading application Euphoria has completed a $7.5 million seed round financing, led by Karatage

ChainCatcher news, according to The Block, the under-development crypto derivatives trading application Euphoria based on MegaETH has completed a $7.5 million seed round financing, led by Karatage, with Figment Capital and Robot Ventures (both early seed round co-leads) participating. Other participants include Bankless Ventures, First Commit, Hash3, Comfy Capital, and Kosmos Ventures, along with over 100 angel investors.Euphoria co-founder and CEO Nathan Worsley stated that the $7.5 million financing includes a $2.5 million pre-seed round completed in November 2024 and a $5 million seed round completed from February to July this year. The financing uses a Simple Agreement for Future Equity (SAFE) with attached token warrants, and after the financing, Euphoria's post-money valuation reaches "eight figures."It is reported that Euphoria is developing a mobile application aimed at simplifying crypto derivatives trading (such as options and perpetual contracts), making it easier for ordinary users to get started. Worsley mentioned that the idea stemmed from his failed attempts to explain derivatives trading to friends. He realized that most people would not take the time to learn about order books or margin operations. Therefore, Euphoria is creating a "tap trading" interface that allows users to place bets through simple steps, bypassing traditional technical complexities. Its goal is to lower the participation threshold by making derivatives trading intuitive and easy to understand.
app_icon
ChainCatcher Building the Web3 world with innovations.