Dragonfly

Hibachi is a technology company that specializes in developing decentralized trading protocols. Its core focus is to enhance the security and transparency of trading operations for professional traders, utilizing advanced zero-knowledge (zk) mathematics. The platform aims to simplify trading by providing features such as proof of solvency, AI-assisted trading, multi-collateral support, and transparent market infrastructure.

Variational Research operates a decentralized liquidity network that facilitates the trading and clearing of bilateral derivatives through automation. The company functions as a global algorithmic market maker, primarily focusing on digital assets. By partnering with decentralized finance (DeFi) protocols and financial institutions, Variational Research specializes in creating quantitative systematic strategies. This approach allows clients to access liquidity in both traditional and decentralized derivatives markets, enhancing the efficiency and effectiveness of their trading operations.

Polymarket is a prediction market platform that allows users to bet on the outcomes of various global events using cryptocurrency. Polymarket operates on the Ethereum blockchain, utilizing the Polygon network to enhance scalability and reduce transaction costs. Users connect to the platform through an Ethereum-compatible wallet and use the USDC stablecoin to place bets on events, ranging from political outcomes to entertainment predictions​.

Arbelos Markets is a developer of a crypto trading platform that facilitates liquidity in various derivatives markets, both in high-touch and programmatic formats. The company operates across decentralized and centralized finance venues, offering users tailored solutions in crypto derivatives. Through its innovative technology, Arbelos Markets enhances access and transparency for counterparties, fostering increased trust in bilateral over-the-counter derivatives. This focus on transparency and customized services positions the company as a significant player in the evolving landscape of cryptocurrency trading.

Galactic Holdings is a digital finance platform that provides a comprehensive suite of products designed to facilitate cryptocurrency transactions. The company offers TruBit, which delivers convenient fiat on/off ramps and payment solutions tailored for the Latin American market. Additionally, it operates TruBit Pro, an advanced trading exchange, and Moneta, a stablecoin pegged to the Mexican peso. Galactic Holdings aims to create an all-in-one ecosystem that includes a crypto wallet and exchange, enabling users to easily access and utilize cryptocurrencies for various purposes such as trading, remittance, and payments.

Bitget is a cryptocurrency derivatives platform that facilitates secure trading of digital assets. Launched in June 2019, it has rapidly emerged as one of the world's largest exchanges for crypto copy trading and derivatives, serving over two million users across more than 50 countries. The platform offers a range of trading options, including futures contracts and spot trading, and provides access to various digital securities, bitcoin, tokens, and other major cryptocurrencies. With a workforce of approximately 600, Bitget emphasizes social trading, innovating the trading experience through its flagship feature, One-Click Copy Trade, which has attracted over 55,000 professional traders and approximately 1.1 million followers. By promoting decentralized finance, Bitget aims to transform the way individuals connect and trade in the cryptocurrency market.

Econia Labs is a developer of an on-chain order book that focuses on creating a decentralized finance (DeFi) protocol within the Aptos ecosystem. The company is dedicated to providing equitable global market access and enhancing composability across various DeFi applications. By establishing a base settlement layer, Econia Labs enables developers and market makers to utilize a shared trading venue, facilitating seamless integration and interaction within the broader blockchain ecosystem. The protocol's design aims to support a diverse range of applications, positioning it as a critical infrastructure component for the evolving DeFi landscape.

Renegade is a developer of a decentralized exchange platform that specializes in on-chain dark pool trading, offering a unique alternative to traditional non-custodial exchanges. The platform prioritizes complete anonymity throughout the trading process, ensuring user privacy. Renegade employs advanced technologies such as multi-party computation and zero-knowledge proofs to create a secure and trustless trading environment. This innovative approach enhances price execution while effectively mitigating risks associated with front-running, sandwich attacks, and statistical arbitrage. By catering to sophisticated traders, Renegade aims to provide improved pricing and a more efficient trading experience.

Utorg is a fintech company based in Tallinn, Estonia, founded in 2020. It specializes in providing a modern on/off-ramp for fiat-to-crypto exchanges, enhancing the user experience in the cryptocurrency space. The company is licensed to offer various virtual currency services, including the exchange of virtual currency against fiat currency and vice versa, as well as virtual currency wallet services. Utorg's platform integrates a global payment infrastructure and an application programming interface designed for businesses, enabling efficient trading and management of cryptocurrencies. Through these services, Utorg aims to facilitate seamless access to digital assets for both consumers and enterprises.

Skolem is a provider of a data and trade execution platform designed for decentralized financial (DeFi) markets, aimed at institutional investors. The company's infrastructure allows institutions to engage directly in DeFi activities such as trading, yield farming, staking, and liquidity provisioning without significantly increasing their technical resources or portfolio risk. Skolem's technology offers a centralized hub for trading, borrowing, and lending, facilitating superior execution on complex trades even during volatile market conditions. Through its innovative systems, Skolem opens the doors to DeFi for institutions, streamlining their participation in this evolving financial landscape.

Vibra is an online crypto-currency application that specializes in investments, blockchain, and funding services.

Cabital is a crypto savings platform that aims to simplify cryptocurrency investments for users of all experience levels. It offers an intuitive interface and a range of cryptocurrency products, ensuring a securely regulated environment conducive to both beginners and seasoned traders. The platform facilitates the buying and selling of cryptocurrencies through a payment on-and-off ramp solution, allowing investors to earn sensible returns on their crypto assets while minimizing risks and costs. By focusing on user experience and security, Cabital positions itself as a reliable option for individuals looking to explore the digital asset landscape.

Hedgehog is a developer of a cryptocurrency trading platform that caters to both institutional and everyday investors. It offers an all-in-one solution for managing cryptocurrency investments, featuring tools for research, portfolio tracking, and trade management. The platform enables users to track their coins and holdings, implement diversification strategies, and exchange cryptocurrencies at real-time prices. By providing these comprehensive tools, Hedgehog aims to empower investors to take control of their cryptocurrency portfolios effectively.

Skolem is a provider of a data and trade execution platform designed for decentralized financial (DeFi) markets, aimed at institutional investors. The company's infrastructure allows institutions to engage directly in DeFi activities such as trading, yield farming, staking, and liquidity provisioning without significantly increasing their technical resources or portfolio risk. Skolem's technology offers a centralized hub for trading, borrowing, and lending, facilitating superior execution on complex trades even during volatile market conditions. Through its innovative systems, Skolem opens the doors to DeFi for institutions, streamlining their participation in this evolving financial landscape.

Alkimiya Protocol is a developer of an open-source, permissionless platform that focuses on creating financial instruments backed by actual hash power production. The protocol utilizes smart contracts to enable miners to sell their future production rewards for a predetermined amount. This innovation allows users to design and deploy hash power-backed financial instruments from any location, leveraging the latest web and mobile technologies to generate revenue. By facilitating a new way for miners to monetize their production, Alkimiya Protocol aims to enhance the financial landscape within the cryptocurrency sector.

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.

Matrixport is a comprehensive financial services platform focused on digital assets, allowing users to invest, trade, and leverage cryptocurrencies. The company provides a blockchain-based trading platform that facilitates the trading, custody, lending, and management of crypto assets. By offering a range of services, Matrixport empowers both individual users and institutional clients to effectively manage their financial resources and navigate the digital currency landscape.

Opyn is a decentralized protocol focused on optimizing options trading for users interested in Ethereum and ERC20 assets. The platform allows users to earn premiums or express views on assets by trading options, specifically offering European, cash-settled options that automatically exercise upon expiry. As a pioneer in decentralized finance (DeFi), Opyn initially launched the first live ERC20 options protocol, enabling users to create, buy, and sell options on any ERC20 token. Its innovative offerings include the ability to trade option spreads and combos, enhancing capital efficiency for traders. Opyn v1 continues to operate on the Ethereum network, providing a venue for American, physically settled options while the company expands its range of ERC20 options. Through its commitment to inclusivity, fairness, and transparency, Opyn aims to enhance the trading experience within the decentralized finance ecosystem.

Saddle Finance is a financial technology company that operates an automated market maker (AMM) platform specifically designed for trading pegged value crypto assets. The platform facilitates trading by utilizing a tokenized bitcoin pool, which provides deep on-chain liquidity. This configuration allows traders to execute transactions with minimal slippage and low transaction fees, enhancing the efficiency of trading pegged assets. Through its innovative approach, Saddle Finance aims to optimize the trading experience for users engaged in the cryptocurrency market.

SynFutures is a decentralized derivatives exchange that focuses on synthetic assets, facilitating the creation and trading of various digital asset pairs using a single digital token as collateral. The platform aims to establish an open and trustless derivatives market by allowing trading on any asset linked to a price feed. By promoting a free market environment and expanding the range of tradable assets, SynFutures seeks to lower the barriers to entry in the derivatives market, thereby fostering a more equitable digital assets exchange landscape for investors.

Stablehouse Ltd is a company that operates a stablecoin platform, facilitating payments, foreign exchange transactions, trading, and liquidity solutions for both individuals and institutions. Founded in 2018 and based in Hamilton, Bermuda, Stablehouse provides a range of services, including passive earning opportunities, merchant payment solutions, and customizable offerings. The platform is designed to enable users to engage with digital currencies effectively, offering yield on coin balances and ensuring accessibility through various interfaces such as screens, applications, and APIs. By focusing on innovative and compliant opportunities within the digital asset space, Stablehouse aims to empower users to become well-informed cryptocurrency owners while minimizing associated risks.

CoFiX is a technology company specializing in the development of a decentralized cryptocurrency exchange platform. The company aims to enhance trading accuracy and reduce costs through its innovative system. CoFiX's platform includes a decentralized price oracle that supplies financial parameters, allowing users to verify prices and create arbitrage-free price feeds. This approach is designed to improve the efficiency and reliability of crypto trading.

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.

DerivaDEX is a community-governed derivatives exchange designed to combine performance and autonomy with the security of a decentralized platform. It operates on the Ethereum blockchain, utilizing an innovative liquidity-mining token model that empowers users to engage in the exchange's governance and operations. By incorporating an open order book and on-chain settlements, DerivaDEX facilitates efficient trading while ensuring transparency and security. The exchange aims to establish itself as a next-generation trading platform by leveraging trusted hardware and enhancing decentralization at its foundational level.

Paradigm Connect, Inc. is a New York-based company founded in 2017 that specializes in creating an institutional-grade communications platform for over-the-counter (OTC) digital asset traders. The platform automates price negotiation and settlement workflows, addressing inefficiencies in traditional OTC trading processes. By leveraging artificial intelligence, Paradigm enhances the trading experience for professional traders and institutions, offering a zero-fee liquidity network that integrates both centralized and decentralized finance. This approach allows clients to access multi-asset, multi-protocol liquidity while significantly reducing trading costs through the elimination of fees. The company is supported by notable investors in the OTC market, reflecting its innovative vision to transform institutional trading practices.

Opyn is a decentralized protocol focused on optimizing options trading for users interested in Ethereum and ERC20 assets. The platform allows users to earn premiums or express views on assets by trading options, specifically offering European, cash-settled options that automatically exercise upon expiry. As a pioneer in decentralized finance (DeFi), Opyn initially launched the first live ERC20 options protocol, enabling users to create, buy, and sell options on any ERC20 token. Its innovative offerings include the ability to trade option spreads and combos, enhancing capital efficiency for traders. Opyn v1 continues to operate on the Ethereum network, providing a venue for American, physically settled options while the company expands its range of ERC20 options. Through its commitment to inclusivity, fairness, and transparency, Opyn aims to enhance the trading experience within the decentralized finance ecosystem.

Matrixport is a comprehensive financial services platform focused on digital assets, allowing users to invest, trade, and leverage cryptocurrencies. The company provides a blockchain-based trading platform that facilitates the trading, custody, lending, and management of crypto assets. By offering a range of services, Matrixport empowers both individual users and institutional clients to effectively manage their financial resources and navigate the digital currency landscape.

CoinFLEX is a cryptocurrency derivatives exchange and yield platform that specializes in trading crypto assets, including Bitcoin. The company offers a physically delivered crypto futures exchange designed to address shortcomings in cash-settled contracts, allowing for high leverage trading that minimizes risks associated with index or settlement manipulation. CoinFLEX provides innovative yield products, notably flexUSD, the first interest-earning stablecoin, and AMM+, an automated market maker that emphasizes capital efficiency. The platform aims to streamline and secure the trading and management processes for professional proprietary trading firms, hedge funds, and institutions operating in the cryptocurrency sector. Backed by notable figures and institutions in the crypto industry, CoinFLEX is committed to enhancing the trading experience in global cryptocurrency markets.

ErisX is a Chicago-based company founded in 2018 that operates an online trading platform focused on the digital asset market. It offers both spot and futures contracts, facilitating easy access for users to exchange cryptocurrencies. The platform integrates advanced technology to create a reliable and compliant environment for trading, deposits, and withdrawals. By leveraging its digital asset exchange and clearinghouse capabilities, ErisX aims to streamline capital markets workflows, providing clients with a robust infrastructure for their trading needs.

Tagomi is a cryptocurrency trading platform that offers clients enhanced execution capabilities to optimize their trading experience. The platform utilizes advanced routing tactics and sophisticated execution algorithms to analyze both real-time and historical data, allowing it to determine the optimal timing and venues for trades. By focusing on maximizing client returns and minimizing trading costs, Tagomi aims to deliver efficient access to priced liquidity and low commissions, thereby enabling clients to retain a greater portion of their profits.

dYdX is a prominent decentralized exchange that aims to empower traders by providing a secure and efficient trading platform. Founded in 2017 by Antonio Juliano, a former engineer at Coinbase and Uber, dYdX operates on Ethereum using audited smart contracts, which eliminates the need for trust in a central authority during trading. The platform offers a variety of financial products, including perpetual, margin, and spot trading, as well as borrow and lend pools. Users can earn interest on their deposits and engage in margin trading with customizable leverage options. By combining the security and transparency associated with decentralized exchanges with the speed and usability typically found in centralized platforms, dYdX strives to create an open financial system that grants universal access to advanced trading tools.

Lumina Technologies Inc. develops a cryptocurrency trading platform that provides a comprehensive suite of services for managing digital assets. Established in 2018 and based in San Francisco, the company offers portfolio management, accounting, tax services, and trade execution specifically for cryptocurrencies. Lumina's platform is designed to help investment managers, including hedge funds and family offices, navigate the complexities of the digital assets landscape. It enables clients to visualize holdings, track performance, assess risk, and generate reports, thus streamlining operations and enhancing the management of digital asset portfolios. As a subsidiary of BitGo, Inc., Lumina is trusted by leading investment funds and professionals seeking institutional-grade solutions in the evolving financial ecosystem of cryptocurrencies.