Merkle Trade Secures US$2.1 Million in Funding to Enhance Gamification Trading Experience

Bittime - Good news for crypto enthusiasts and trading enthusiasts! Merkle Trade, decentralized trading platform (DEX), has just announced the successful seed funding of US$2.1 million.

This funding round was led by Hashed and Arrington Capital, with participation from Morningstar Ventures, Amber Group, Aptos Labs, Re7 Capital, Dorahacks, and others.

What is Merkle Trade?

Merkle Trade offers crypto asset, forex and commodities trading with leverage of up to 1,000x. Additionally, this platform has the following advantages:

• Gamified Trading Experience: Level up with active trading, earn loot boxes and exclusive NFT items that provide random trading profits and point increases.
• Weekly Trading Missions: Take part in weekly trading missions with various levels of difficulty (beginner to high level) to get points and attractive prizes.
• Multi-Chain Access: Currently, Merkle Trade supports the Ethereum, Polygon, Arbitrum, Optimism, Binance Smart Chain, and Avalanche networks.

Also Read How to Buy Crypto:

Transform Trading into Fun  

Merkle Trade is on a mission to turn trading into a fun and accessible experience for everyone. The platform combines elements of gamification and social trading to make crypto trading more accessible.

Also Read: Understanding Leverage in Trading

Use of Funds

The newly acquired funds will be used to support Merkle Trade's various growth initiatives, including:

• Richer Gamification and Social Features: There will be an in-app marketplace for NFT items, a trade wars feature between users, and a copy trading function (copying other people's trading strategies).
• Improved Onboarding Process: The platform will become more user-friendly, allowing new users who are not yet familiar with Web3 to still use Merkle Trade without needing a dedicated digital wallet (hosted wallet).

Also Read: What is a Hosted Wallet?

Reasons Behind Investor Confidence

Well-known investors such as Hashed and Arrington Capital saw huge potential in Merkle Trade's unique approach. A focus on user experience, including speed, user-friendly interfaces, and immersive gamification, can remove barriers to entry for new users and strengthen Merkle Trade's competitive advantage.

The gamification strategy has proven successful in driving Merkle Trade's growth. In just 4 months since its launch, this platform has had 90,000 active users and trading volume reached 5 billion US dollars. Today, Merkle Trade is one of the leading perpetual DEXs on the Aptos blockchain and ranks in the top 10 in the entire decentralized derivatives ecosystem.

Also Read How to Buy Crypto:

Merkle Trade: The Future of Trading Platforms  

With this new funding, Merkle Trade will continue to innovate to provide an increasingly exciting and accessible trading experience. In the future, we can look forward to the presence of an internal NFT marketplace, a trade war feature between traders, and a copy trading function.

Additionally, an easier onboarding process will make Merkle Trade even more inclusive and accessible to crypto beginners.

Check Crypto Prices Today:

How to Buy Crypto with Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn Complete Guide How to Buy Crypto on Bittime . 

Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also Read: 

Secrets of Successful Narrative Trading

What is Volume Trading and How to Use It?

GameFi: Between Gaming and Decentralized Finance (DeFi)

DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.