CoinFund-led Mochatrade raises funding for US stock perpetuals in India
Image: Crypto BriefingMochatrade has raised funding to offer Indian traders leveraged perpetual contracts tied to US stocks. CoinFund led the round, with Coinbase Ventures and Nicky Montana of Zero Knowledge Ventures joining. The total includes a $690,000 pre-seed round backed by Y Combinator and Pioneer Fund. Users can deposit and withdraw rupees through UPI. Mochatrade is registered as a Virtual Digital Asset Service Provider with India's FIU-IND. Reports differ on the total funding amount.
Key points
- CoinFund led Mochatrade's funding round, joined by Coinbase Ventures and Nicky Montana of Zero Knowledge Ventures.
- The total includes a $690,000 pre-seed round backed by Y Combinator and Pioneer Fund.
- Mochatrade offers Indian users leveraged perpetual contracts tied to US stocks, with rupee deposits and withdrawals via UPI.
- Mochatrade is registered as a Virtual Digital Asset Service Provider with India's Financial Intelligence Unit, FIU-IND.
Why it matters
The platform lets Indian traders gain exposure to US equities through perpetual contracts without opening a US brokerage account. It uses local UPI payment rails, and the company says it holds FIU-IND registration as a virtual digital asset service provider.
What's unclear
Reports give different total funding figures: approximately $6 million and $5.56 million, though both include the $690,000 pre-seed round.
The number of funded accounts or active traders is not disclosed, the reported waitlist does not measure those.
Sources · 2 publishers
Crypto Daily
Tier 3
Mochatrade Raises $5.56M to Offer Indian Traders US Stock Perpetuals
Coverage timeline
- First reported by Crypto Briefing
- Also reported by Crypto Daily
- CryptoVideos brief published
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
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