Pantera Capital leads Hong Kong on-chain trading platform TurboFlow with $6 million seed round

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Hong Kong-based on-chain trading platform TurboFlow has completed a $6 million seed round funding, led by Pantera Capital, with Susquehanna Crypto and Digital Currency Group participating. The round was completed in March, using a SAFE with additional token warrant structure; the valuation was not disclosed. TurboFlow offers prediction markets and perpetual futures products. Founder Tony He was a co-founder and partner at Amber Group, saying that Asian prediction markets remain clearly underdeveloped. TurboFlow has been in beta for over 6 months, with more than 15,000 registered users and cumulative trading volume exceeding $19 billion. The current team consists of about 30 people, with core members mainly based in Hong Kong. (The Block)
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GateUser-23bf1070
· 6h ago
With trading volume of 19 billion and only 15,000 users, the per-capita trading amount is a bit outrageous—are the whales really showing up?
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GateUser-bee672a5
· 7h ago
The Amber-backed team is developing derivatives. Risk control should be online—waiting for open public testing.
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ReorgSurvivor
· 7h ago
Pantera leads the investment + SAFE structure—institutional playbooks are getting more competitive.
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