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Ultrade develops decentralized finance applications and trading infrastructure for crypto assets.
Founded in 2021 and based in New York, Ultrade provides a DeFi suite that includes spot trading, leveraged contracts, liquidity aggregation, and decentralized lending. As of September 2022, its product had been test-traded by 1,000 people and had generated nearly 200,000 orders and trades. The company raised USD 2.4 million in seed funding in September 2022, led by Algorand Foundation Ltd., with participation from Big Brain Holdings, Sarson Funds, Tess Ventures, and Valhalla Capital.
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