Built on Algorand, ULTRADE is a pioneering DeFi-as-a-Service infrastructure startup that offers a whitelabel architecture that enables projects, KOLs and communities to launch a ready-made Ultimate Trading suite. The model offers DeFi’s most cutting-edge trading capabilities in a single app. Users will have access to four potent products once successfully launched, including a hybrid aggregating automated market maker, leveraged perpetual contract trading, and a decentralized lending marketplace.
The company’s CEO, Dan Goldman, is a blockchain/crypto veteran since 2012. Dan’s vision is to allow businesses to launch their own DeFi trading platform in one click with ULTRADE’s whitelabel DeFi-as-a-Service infrastructure. The Ultimate Trading suite can seamlessly integrate robust trading tools into any brand experience in minutes: a no-code solution with zero time to market and ULTRADE’s liquidity network.
The seed round for ULTRADE raised about $2.4 million so far. This was funded by the Algorand foundation and Web3 VCs including Big Brain Holdings, Tess Ventures, Sarson Funds, Valhalla Capital and Stealth Capital. Investors recognize ULTRADE’s capacity to offer a new piece of trading infrastructure which could disrupt the dominance of CEXes, and change the DEX landscape.
“We are excited to back ULTRADE on their journey to providing Web3 businesses with powerful new DeFi infrastructure. The ability to launch your own branded exchanges & trading services in a few minutes, with a liquidity network, and keep the lion’s share of trading fees is a game-changer.” – AlgoBigBrain of Big Brain Holdings.
Over 190,000 orders and trades have been generated since the Ultrade Testnet launch in June. ULTRADE’s testnet launch included a crypto-pair spot DEX function. Advanced features like integrated charting and limit and market orders, which are uncommon in most DEXes, are included in the user-friendly interface. In addition to the features mentioned above, ULTRADE will offer leveraged perpetual contract trading and a hybrid aggregating automated market maker (haAMM).
Having received over $2M in funding so far, amid a tough bear market demonstrates solid support for ULTRADE’s whitelabel orderbook DEX. It also brings them one step closer to their goal of launching a full-featured DeFi trading ecosystem, giving brands, projects and communities the ability to generate and capture trading fees from their audience in an owned experience.
