Synquote provides a platform for trading cryptocurrency derivatives. It offers users access to various futures and perpetual swap contracts across major digital assets. The service focuses on delivering efficient execution and transparent pricing for sophisticated crypto traders.
Funding
$2.8M 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.
ICFounders
Product
Problem
Decentralized finance (DeFi) platforms often lack the speed and efficiency of centralized exchanges, hindering the trading experience for options and perpetual futures. Existing platforms may suffer from slow execution, high transaction costs, and limited liquidity, impacting profitability for traders.
Solution
Synquote is a decentralized exchange (DEX) that provides high-speed trading of options and perpetual futures with up to 20x cross-margin leverage. The platform offers users performance comparable to centralized exchanges, featuring rapid execution speeds, narrow spreads, and deep liquidity across a wide range of instruments. Synquote aims to deliver an efficient and user-friendly experience for trading derivatives in the DeFi space by eliminating gas fees and providing maker rebates.
Target Audience
Synquote targets cryptocurrency traders and DeFi users seeking a high-performance decentralized platform for trading options and perpetual futures with leverage.
Features
- Perpetual futures trading with up to 20x cross-margin leverage
- Options trading with a wide range of expiries and strike prices
- High-speed transactions and powerful APIs
- Multiple margin modes and order types
- TradingView chart integration for order management
- Zero gas fees and maker rebates
- Support for deposits from various assets and networks
- Email login or direct wallet connection