Mochatrade, a Y Combinator-backed derivatives platform for Indian traders, raised $5.5M led by CoinFund to offer US stock perpetuals.
DeFi & Yields ·
Mochatrade, a Y Combinator-backed derivatives platform, raised $5.5 million in a funding round led by CoinFund. The platform enables Indian traders to open accounts denominated in rupees and trade perpetual futures contracts linked to U.S. stock prices, bridging access to American equity derivatives for retail participants in India.
The funding reflects investor interest in crypto and derivatives infrastructure tailored to emerging markets. Mochatrade's model addresses a specific gap: Indian traders seeking exposure to U.S. equities without the friction of traditional forex or offshore brokerage requirements. By accepting rupee deposits and offering perpetuals on U.S. stocks, the platform combines local payment rails with offshore asset classes.
Details on the round's other participants, post-money valuation, and deployment timeline remain unclear. The extent to which regulatory frameworks in India and jurisdictions hosting the trading infrastructure will constrain or enable the platform's growth is also unspecified.