Convergence provides a fully on-chain liquidity network designed for market makers and protocols trading crypto derivatives like options, futures, and perpetual swaps. The platform facilitates fast, secure trading through an advanced Request for Quote (RFQ) builder supporting complex, multi-leg structures. It connects users to a growing network of market makers via transparent, zero-fee transactions across multiple on-chain clearing venues.
Funding
$2.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Trading crypto derivatives, especially options, futures, and perpetual swaps, often suffers from fragmented liquidity, hindering efficient execution of large or complex orders. Existing platforms may lack transparency and charge transaction fees, adding to the cost of trading.
Solution
Convergence provides a fully on-chain liquidity network designed to facilitate the trading of crypto derivatives. The platform enables market makers and protocols to execute Request for Quotes (RFQs) for crypto options, futures, and perpetual swaps. It enhances liquidity by connecting users to a network of market makers and offers flexible workflows for efficient trade management. Convergence aims to provide a transparent, secure, and cost-effective trading experience.
Target Audience
The primary target audience includes crypto market makers and protocols seeking efficient and transparent execution of derivative trades.
Features
- Advanced RFQ builder for crypto options, futures, and perpetual swaps
- Flexible workflows for creating single or multi-leg structures
- Market maker auctions to receive the best bids
- Zero-knowledge transactions for obfuscated payloads, enabling hedging before settlement
- Transaction transparency for verifiable and reusable historical data
- Zero transaction fees
- Growing network of on-chain clearing venues
- Choice of venue with a single click