Mochatrade Raises $5.56M to Offer Indian Traders US Stock Perpetuals

Mochatrade has raised $5.56 million in total funding to develop a platform offering Indian users leveraged perpetual contracts linked to U.S. stocks, with rupee deposits and withdrawals handled through UPI. The Block reported on October 26 that CoinFund led the company’s seed round, joined by Coinbase Ventures and Nicky Montana of Zero Knowledge Ventures. The financing is aimed at a product that gives traders market exposure to selected U.S. equities without requiring conventional cross-border share purchases. Y Combinator and Pioneer Fund had previously backed Mochatrade in a $690,000 pre-seed round.

Source: Crypto Daily