Based offers an all-in-one, self‑custodial trading app that lets users trade US equities, crypto perpetuals, and prediction markets from a single wallet without needing a bank account. The platform operates 24/7, supports a Visa debit card for spending crypto at millions of merchants, and has processed over $44 billion in volume, giving users continuous access to stocks like NVDA and cryptocurrencies such as BTC.
Funding
Funding not disclosed
Founders
Product
Problem
Retail investors often need separate accounts and custodians to trade US equities, crypto derivatives, and prediction markets, which creates friction, requires a traditional bank relationship, and limits access to after‑hours or weekend trading.
Solution
Based provides a single self‑custodial wallet that lets users trade US stocks, crypto perpetual contracts, and prediction market positions on a 24/7, permissionless basis. Trades are settled on‑chain, so users retain full control of their private keys and do not depend on a bank or a centralized broker. The platform aggregates market data and research tools—such as multi‑day funding‑rate averages, long‑carry P&L, and open‑interest analytics—to help traders make informed decisions. Crypto holdings can be spent instantly through the Based Cash Visa debit card at more than 90 million merchants worldwide, turning digital assets into everyday purchasing power.
Target Audience
Primary users are retail traders and crypto‑savvy investors who want a unified, bank‑free solution for trading US stocks, crypto derivatives, and prediction markets, as well as consumers who wish to spend crypto directly via a Visa debit card.
Features
- Self‑custodial wallet with user‑owned private keys for full control of assets
- On‑chain execution of US equity orders, crypto perpetuals, and prediction market contracts
- Continuous 24 hours/7 days market access, including weekends and after‑hours sessions
- Unified interface that consolidates equities, crypto derivatives, and prediction markets in one app
- Based Cash Visa debit card that converts crypto to fiat at point‑of‑sale for over 90 million merchants
- Integrated research dashboard offering 7‑day average funding rates, long‑carry P&L, funding‑rate arbitrage signals, and open‑interest tracking
- High‑throughput infrastructure that has processed over $44 billion in trade volume
- Permissionless onboarding without the need for a traditional bank account or credit check