The startup offers a cryptocurrency exchange platform that enables users to trade perpetual contracts with low fees and instant trade finality. By providing self-custody of funds and access to diverse markets, the platform enhances user control and facilitates faster execution of trades.
Funding
$6.5M 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
Current centralized cryptocurrency exchanges often lack transparency and require users to relinquish control of their assets, creating security risks and potential for front-running or MEV exploitation. Decentralized exchanges offer self-custody but can suffer from slower execution speeds and limited order types.
Solution
Extended is a hybrid cryptocurrency exchange that combines the performance and features of centralized platforms with the self-custodial security of decentralized solutions. The platform enables users to trade perpetual contracts with low latency and instant trade finality while retaining complete ownership of their funds. By leveraging Zero-Knowledge Proofs on Ethereum, Extended provides a transparent trading environment free from front-running and MEV. Users benefit from gas-free trading, competitive fees, and access to diverse markets with up to 50x leverage.
Target Audience
The primary target audience includes cryptocurrency traders seeking a high-performance trading experience with self-custodial security, as well as users who value transparency and fairness in the trading process.
Features
- Perpetual contract trading with up to 50x leverage
- Self-custody of funds enabled by Zero-Knowledge Proofs on Ethereum
- Gas-free trading and low taker fees with maker rebates
- Sub-40ms end-to-end latency for order execution
- Instant trade finality
- Protection against front-running and MEV
- Advanced order types
- Fiat on- and off-ramps through banking partners (coming soon)