According to BlockBeats, on March 5th, QFEX, an on-chain contract trading platform, completed a $9.5 million seed round of financing. This round was led by General Catalyst, with participation from many well-known institutions and angel investors, including Y Combinator, Paul Graham, Nexus Venture Partners, Moonfire VC, Goodwater Capital, Liquid 2 Ventures, 468 Capital, and Ritual VC.
According to the official statement, QFEX positions itself as the first "TradFi native" perpetual contract trading platform, offering 24/7 high-leverage trading of traditional assets (RWA) such as US stocks, indices, commodities, and forex, with leverage up to 50x. The platform aims to allow ordinary investors to compete with institutions and high-frequency trading firms on equal terms. Team members come from top trading institutions such as Citadel, Jump Trading, Optiver, Jane Street, Tower Research Capital, and Flow Traders, possessing extensive backgrounds in traditional finance and high-frequency trading.
