Ex-Coinbase Stars Launch True Markets: $11M Raised for a Game-Changing DeFi App on Solana

True Markets: Where Speed Meets Security in the World of DeFi

Hang onto your hats, crypto fans! A squad of former Coinbase heavyweights just scored a whopping $11 million to kick off True Markets, a mobile-first DeFi app that's all about stablecoins and lightning-fast trades on the Solana blockchain. Say goodbye to those sluggish transactions and hello to a new era of self-custody trading!

From Coinbase to True Markets: The Journey of Two Crypto Pioneers

True Markets isn't just another app; it's a revolution led by ex-Coinbase execs Vishal Gupta and Patrick McCreary. These guys are bringing their A-game with a non-custodial platform that's all about empowering iPhone users with a slick, stablecoin-native experience. They've already raked in a cool $20 million in total funding, and they're betting big on Solana to deliver the speed and security traders crave.

Big Money Backs Big Dreams: The Investors Behind True Markets

The cash is flowing in from some serious players. Accomplice and RRE Ventures are leading the charge, with Reciprocal Ventures, Variant Fund, and even PayPal Ventures jumping on board. This isn't just a startup; it's a movement backed by the industry's top dogs.

Trading Transformed: How True Markets is Redefining the Game

Vishal Gupta, the man who once ran Coinbase's exchange, and Patrick McCreary, a senior engineering guru, are the masterminds behind True Markets. They're not just tweaking the system; they're rewriting the rules. With on-chain token trading, stablecoin settlements, and a non-custodial setup, True Markets is launching with the biggest Solana-native assets and eyeing the centralized finance markets next.

"We're Here to Shake Things Up"

"Retail traders have been stuck in the dark ages with clunky interfaces, murky pricing, and scattered liquidity," declares Vishal Gupta. "We're here to flip the script with an experience that's not just fair and transparent but as smooth and intuitive as the best apps on your phone. We're talking real-time market momentum and easy asset discovery right at your fingertips."

Vishal Gupta

True Markets: More Than Just an App, It's a Trading Revolution

This isn't just about trading; it's about transforming the entire experience. True Markets is rolling out real-time market sparklines, wallets backed by Turnkey, and smart order routing thanks to Definitive. And with the fresh funding, they're gearing up to launch TrueX, their own top-tier centralized exchange, to bring even more liquidity to the mobile scene. Buckle up, folks—this is just the beginning!