Rails Revolutionizes Crypto Trading with $6.2M Seed Funding
March 25, 2024, 9:49 am
Rails
Total raised: $6.2M
Rails, a Toronto-based self-custodial crypto exchange, has secured $6.2M in Seed funding to disrupt the crypto trading landscape. Led by Slow Ventures, Round13 Capital, CMCC Global, and Quantstamp, the funding will fuel the company's expansion and development efforts.
Rails, founded by CEO Satraj Bambra, offers a unique self-custodial crypto perpetuals exchange that prioritizes user control and security. By utilizing audited smart contracts on the blockchain with zero-knowledge proofs, Rails eliminates the risk of fraud and theft while providing a seamless trading experience on a cutting-edge matching engine.
The team, which includes co-founder & CTO Megha Bambra and co-founder, President & COO Rick Marini, is dedicated to revolutionizing the way traders interact with crypto assets. With a focus on user experience and security, Rails aims to bridge the gap between centralized order books and decentralized custody solutions.
In a market where trust and security are paramount, Rails stands out by offering traders full control over their funds without sacrificing speed or efficiency. By combining the best of both centralized and decentralized technologies, Rails is poised to become a leader in the crypto trading space.
As the company prepares for its public launch later this year, Rails plans to enhance its social features, leaderboard capabilities, and forge partnerships with industry players. With a strong focus on product development and user experience, Rails is set to redefine the way traders engage with crypto assets in a secure and efficient manner.
Rails, founded by CEO Satraj Bambra, offers a unique self-custodial crypto perpetuals exchange that prioritizes user control and security. By utilizing audited smart contracts on the blockchain with zero-knowledge proofs, Rails eliminates the risk of fraud and theft while providing a seamless trading experience on a cutting-edge matching engine.
The team, which includes co-founder & CTO Megha Bambra and co-founder, President & COO Rick Marini, is dedicated to revolutionizing the way traders interact with crypto assets. With a focus on user experience and security, Rails aims to bridge the gap between centralized order books and decentralized custody solutions.
In a market where trust and security are paramount, Rails stands out by offering traders full control over their funds without sacrificing speed or efficiency. By combining the best of both centralized and decentralized technologies, Rails is poised to become a leader in the crypto trading space.
As the company prepares for its public launch later this year, Rails plans to enhance its social features, leaderboard capabilities, and forge partnerships with industry players. With a strong focus on product development and user experience, Rails is set to redefine the way traders engage with crypto assets in a secure and efficient manner.