Flashnet is a Bitcoin exchange focused on user-friendliness and self-custody of funds. The platform allows individuals to directly control their Bitcoin, rather than relying on a third party to hold their assets.
Funding
$4.5M 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
Many Bitcoin exchanges require users to relinquish control of their private keys, introducing counterparty risk and the potential loss of funds due to exchange hacks or mismanagement. Existing platforms may also suffer from slow execution speeds and high fees, hindering efficient trading.
Solution
Flashnet provides a non-custodial Bitcoin exchange that allows users to trade at scale without ever giving up control of their private keys. The platform offers millisecond execution and native settlement of any asset on Bitcoin, ensuring a hyper-efficient trading experience. Users can deposit native BTC using the Lightning Network or on-chain transactions and retain control of their funds at all times, sequencing to Layer 1 instantly and unilaterally.
Target Audience
Flashnet targets Bitcoin traders seeking a secure, efficient, and non-custodial trading experience, as well as developers looking to integrate trustless Bitcoin swaps into their applications.
Features
- Non-custodial trading: Users maintain complete control over their Bitcoin.
- Millisecond execution: Enables rapid trade execution.
- Native settlement: Facilitates direct settlement of assets on the Bitcoin blockchain.
- Lightning Network integration: Allows for fast and low-cost deposits.
- Trustless Request for Quote (RFQ) model: Offers secure and verifiable swaps on any pair.
- OTC desk: Provides access to competitive spreads and deep liquidity.