Hashflow raises $25 million from Coinbase and Kraken

The decentralized trading platform Hashflow closed a $25 million Series A funding round. The company’s valuation reached $400 million.

Ready #hashgang?

We are thrilled to announce our $25M Series A, backed by @jump_, @wintermute_t, @GSR_io, @dragonfly_cap, @ElectricCapital, and other world-class investors to further our mission in delivering the best decentralized trading experience! 👇https://t.co/snHZjPIECP

— hashflow | We are hiring! (@hashflow) July 21, 2022

Participants in the funding round included Coinbase Ventures, Kraken Ventures, Electric Capital, Dragonfly Capital Partners, LedgerPrime, Jump Crypto, Wintermute Trading, GSR, Kronos Research, Altonomy, Fabric Ventures, Evernew Capital and others.

The funds will be used to continue scaling irrespective of market conditions.

Founded in 2021, Hasfhlow plans to launch on the Solana blockchain and offer structured products by the end of 2022.

Earlier in July, the cryptocurrency derivatives exchange Thalex closed a Series A round of financing worth $7.64 million.

Earlier, Indonesia-based digital asset trading platform Pintu raised $113 million.

In May, Streamy, operator of the South Korean cryptocurrency exchange Gopax, closed a Series B financing round of 30 billion won (~$23.7 million).

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