Wintermute

Euler Labs is a developer of a non-custodial lending protocol built on the Ethereum blockchain, designed to facilitate lending and borrowing of a wide range of crypto assets. The platform operates without the need for trusted third parties, allowing users to earn interest on their crypto holdings or hedge against market volatility in a capital-efficient manner. Euler's innovative approach incorporates reactive interest rates that adjust in real-time based on market conditions, alongside asset-specific collaterals, which provides clients with a risk-minimized opportunity to engage in crypto finance. The company's technology aims to enhance financial accessibility and efficiency for users in the decentralized finance space.

GTE is a decentralized trading platform that offers end-to-end trading services.

The new playbook for financial freedom.

Crossover Markets Group develops a digital asset exchange platform tailored for institutional clients. Its technology enhances cryptocurrency trading speed and reduces latency, enabling seamless trading while maintaining high liquidity standards expected in traditional markets.

Raven is a next generation algorithmic high-frequency trading firm that is focused on long-lasting partnerships and building the future of digital finance.

Reya offers trading-optimized modular L2 immediate liquidity, lightning-fast transactions, and higher APYs.

Backpack is a fully regulated global cryptocurrency exchange that innovates to deliver an engaging, enjoyable, and simple trading environment for both seasoned and new web3 users.

Ithaca Finance is a cross-chain derivatives trading and settlement protocol that focuses on decentralized trading. The company operates a platform featuring an on-chain settlement layer combined with an innovative off-chain matching engine. By utilizing blockchain technology, Ithaca Finance decomposes option payoffs into fundamental smart contract-based building blocks, facilitating atomic order matching. This approach allows investors to enhance their return on investments through efficient and flexible trading options.

Woo X is a high-performance crypto trading platform.

WOO Network is a trading platform provider focused on delivering above-average liquidity for spot and futures trading while offering zero or negative trading fees. Its innovative platform connects traders, exchanges, institutions, and decentralized finance (DeFi) platforms, facilitating democratized access to liquidity and efficient trading execution. By emphasizing user-friendly access to high-quality market liquidity at minimal costs, WOO Network aims to enhance the trading experience for a diverse range of participants in the financial ecosystem.

One Trading is an institutional-grade spot exchange for digital assets, recognized for its robust platform designed for both retail and institutional investors. The company holds a Virtual Asset Service Provider (VASP) license in Italy and is in the process of applying for a MiFID II license to expand its offerings to include regulated crypto derivatives. Leveraging a partnership with Amazon Web Services, One Trading boasts the distinction of being one of the fastest digital asset trading venues available. Its platform provides essential features such as market data, charting tools, and efficient order execution, facilitating effective trading for its users.

Vertex Protocol is a decentralized FX trading platform.

DFlow is a payment-for-order-flow marketplace that provides transparent and market-driven price discovery for order flow. They provide a decentralized market platform to ensure the most optimal execution environment for consumers. The market-driven approach to PFOF used by DFlow allows the public to see live market prices for token pairs.

Econia Labs develops a DeFi protocol on the Aptos blockchain. Its hyper-parallelized on-chain order book facilitates trading in decentralized finance, offering high-performance transaction execution and promoting financial inclusion.

Crossover Markets Group develops a digital asset exchange platform tailored for institutional clients. Its technology enhances cryptocurrency trading speed and reduces latency, enabling seamless trading while maintaining high liquidity standards expected in traditional markets.

Mauve operates as a decentralized exchange with the compliance of traditional finance.

Hashflow is a decentralized exchange (DEX) aggregator that allows users to trade digital assets seamlessly across multiple leading blockchains, including Ethereum, Arbitrum, Avalanche, BNB Chain, Optimism, Polygon, and Solana. Launched in April 2021, Hashflow employs an intent-based smart order routing system to ensure traders receive optimal prices, drawing from over $8 billion in liquidity and enabling the trading of any token. The platform has successfully facilitated over $18 billion in total trade volume. Hashflow's team comprises experienced professionals from renowned companies in both web2 and web3 sectors, bringing expertise from organizations such as Airbnb, Amazon, Goldman Sachs, and Google. The company is supported by notable investors, including Dragonfly Capital, Electric Capital, and Coinbase Ventures, among others. Hashflow aims to enhance the trading experience by combining centralized order-matching and trade execution with decentralized custody, thereby offering users non-custodial trading options.

Thalex is a cryptocurrency-native derivatives trading platform that focuses on options and futures trading. Established in 2020 and headquartered in Mahé, Seychelles, the company provides a robust platform designed to help users efficiently trade digital assets. Thalex offers multi-collateral support and competitive fee structures for multi-leg options and futures strategies. The platform emphasizes risk reduction and efficient trading by leveraging partnerships with liquidity providers and major exchanges, ensuring that collaterals are securely held with these partners. Through its innovative approach and commitment to stability, Thalex aims to empower traders to seize the opportunities within the growing digital asset market.

Ondo Finance develops a cryptocurrency trading platform that democratizes decentralized finance. Users can choose between downside protection and higher returns, allowing them to tailor their risk tolerance according to market volatility.

BCB Group is a regulated financial services company providing banking and payments infrastructure for the digital asset economy. It offers accounts, foreign exchange, and digital custody, along with compliance, trade execution, settlement, reporting, and payment services that enable cryptocurrency and blockchain institutions to operate with efficiency and scale. Serving a diverse client base in the crypto market, BCB Group functions as a gateway to banking and payments for the sector, leveraging multi jurisdictional regulatory know-how. Founded in the United Kingdom, the company emphasizes secure, governance‑driven infrastructure to support rapid, compliant access to fiat and digital assets for institutional participants.

Size is a company that has developed a virtual auction marketplace, enabling users to engage in sealed-bid auctions for both vested and unvested tokens. By providing this platform, Size facilitates a unique bidding experience for participants in the token market. The company is currently operating in stealth mode, indicating a focus on refining its offerings and preparing for a broader market introduction.

Zeta Markets is a decentralized finance (DeFi) derivatives platform operating on the Solana blockchain. It offers liquid derivatives trading for individuals and institutions, enabling users to hedge, speculate, or take positions on various market movements. The platform provides real-time pricing updates, instant trade execution, and low-cost settlements.

Futureswap is a company based in San Francisco, California, that specializes in developing a decentralized futures exchange platform utilizing blockchain technology. The platform operates on a non-custodial basis, enabling users to engage in the trading of crypto futures contracts. Futureswap employs an automated market-making (AMM) algorithm to facilitate these transactions, enhancing liquidity and efficiency in the trading process. With a focus on decentralized finance, Futureswap aims to provide a secure and user-friendly environment for trading perpetual futures in the cryptocurrency market.

SynFutures is a decentralized derivatives platform focused on synthetic assets, enabling the creation and trading of diverse asset pairs with a single digital token as margin. It aims to open and democratize the derivatives market by supporting trading on anything with a price feed in a trustless, open environment, thereby increasing liquidity and lowering entry barriers. The platform facilitates free creation of tradable assets to foster a more equitable digital assets exchange for participants.

Founded in 2017 by an ex-Coinbase engineer, dYdX is a leading decentralized exchange offering Perpetual, Margin, and Spot trading on Ethereum. It combines the security of a decentralized exchange with the speed and usability of a centralized one.

Flare Networks is a blockchain network that utilizes the Flare Consensus Protocol, which is the first Turing Complete Federated Byzantine Agreement protocol. It offers a decentralized contract platform aimed at enhancing contract capabilities across various blockchains. By leveraging the Ethereum Virtual Machine, Flare Networks can access and utilize information from other blockchains and real-world data sources, effectively addressing the oracle problem. This functionality facilitates cross-chain interoperability, allowing users to share contract capabilities with different protocols. Flare Networks seeks to enable a new era of utility within the blockchain ecosystem through its innovative technology.

Qredo Ltd is a London-based company that operates a platform designed to facilitate the secure and efficient movement of digital assets for institutional traders. Established in 2011, Qredo provides an open protocol and decentralized, multi-party computation network that enhances the security and custody of digital assets. Its solutions address the operational challenges and security risks associated with wallet key management, trading, storage, and transfer of these assets. By offering features such as cross-chain liquidity, treasury management tools, and peer-to-peer trading venues, Qredo aims to streamline the digital asset management process while mitigating cyber threats.

Hashflow is a decentralized exchange (DEX) aggregator that allows users to trade digital assets seamlessly across multiple leading blockchains, including Ethereum, Arbitrum, Avalanche, BNB Chain, Optimism, Polygon, and Solana. Launched in April 2021, Hashflow employs an intent-based smart order routing system to ensure traders receive optimal prices, drawing from over $8 billion in liquidity and enabling the trading of any token. The platform has successfully facilitated over $18 billion in total trade volume. Hashflow's team comprises experienced professionals from renowned companies in both web2 and web3 sectors, bringing expertise from organizations such as Airbnb, Amazon, Goldman Sachs, and Google. The company is supported by notable investors, including Dragonfly Capital, Electric Capital, and Coinbase Ventures, among others. Hashflow aims to enhance the trading experience by combining centralized order-matching and trade execution with decentralized custody, thereby offering users non-custodial trading options.

Bluefin operates a decentralized derivatives exchange that leverages innovative blockchain technology to facilitate access to global financial markets. The platform is designed for both novice and experienced traders, offering features such as leverage trading, short selling, and rapid trade settlement. By combining the security and transparency of decentralized systems with the efficiency and low costs typically associated with centralized exchanges, Bluefin aims to democratize trading for users worldwide. The company is supported by a group of prominent investors, enhancing its position in the competitive trading landscape.

Founded in 2017 by an ex-Coinbase engineer, dYdX is a leading decentralized exchange offering Perpetual, Margin, and Spot trading on Ethereum. It combines the security of a decentralized exchange with the speed and usability of a centralized one.