skip to Main Content
bitcoin
Bitcoin (BTC) $ 95,006.45 0.17%
ethereum
Ethereum (ETH) $ 1,823.61 0.91%
tether
Tether (USDT) $ 1.00 0.00%
xrp
XRP (XRP) $ 2.29 2.23%
bnb
BNB (BNB) $ 609.34 0.50%
solana
Solana (SOL) $ 149.17 1.44%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.179485 1.20%
cardano
Cardano (ADA) $ 0.713006 1.72%
tron
TRON (TRX) $ 0.247069 0.05%

New Bitcoin Options App Raises $4.7M in Round Led by Pantera Capital

A mobile bitcoin options trading platform set to launch this year has secured funding from some of the industry’s top-tier investors.

  • PowerTrade raised $4.7 million via token sales in a round led by Pantera Capital and joined by Framework Ventures, CMS Holdings and QCP Capital among others.
  • Prominent founders Kain Warwick of Synthetix, Loi Luu of Kyber Network and Bobby Ong of CoinGecko also participated.
  • PowerTrade said in a press release it will offer low minimum deposits allowing traders access to crypto options for as little as $1.
  • Making options trading easy to understand is “key” to furthering crypto adoption from retail investors, said Joey Krug, Pantera Capital’s co-chief investment officer.
  • Krug attributed Robinhood’s success to its ease of use and said PowerTrade could bring a “similar user experience” to the cryptocurrency market.
  • The platform, which will launch to non-U.S. traders first, will focus on user experience and education, while helping traders understand and manage risk, it said.
  • PowerTrade was founded by the former CTO of the Liquid exchange, Mario Gomez Lozada, alongside a team of technologists and cryptocurrency veterans in May.
  • The app will enter closed beta in October and see its public release Q4 2020.
Loading data ...
Comparison
View chart compare
View table compare
Back To Top