About $5.5 million raised in a seed round led by CoinFund with Coinbase Ventures and Zero Knowledge Ventures, plus an earlier $690,000 pre-seed from Y Combinator and Pioneer Fund.
Mochatrade offers Indian traders perpetual futures on more than 50 US stocks, plus indices and commodities, with up to 50x leverage, UPI deposits and rupee balances, and no share ownership or divid…
The founders are IIT graduates; chief executive Utkarsh Sinha previously built and sold the crypto wallet Martian. The company is in beta with a waitlist of more than 25,000 and no public launch date.
Its Indian entity is registered with FIU-IND as a virtual digital asset provider, an anti-money-laundering registration rather than a SEBI licence. Whether leveraged contracts on US shares belong i…
SEBI found 93% of individual F&O traders lost money between FY22 and FY24 and has since tightened the rules. At 50x leverage a 2% adverse move wipes out a position, and virtual digital asset gains…
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