Spin is a decentralized trading platform that enables both futures and options trading and is built on Solana. It is developing a multichain solution for on-chain derivatives trading that executes an order-book order execution model to deliver a CEX-competitive user experience. The DEX has released decentralized perpetuals on Solana’s testnet and the alpha of the first spot on-chain order book on NEAR Protocol. The company intends to use the funds to support further development of the DEX. Spin raised $3.75M in seed funding led by Lemniscap with participation from GSR, Spartan Group, ZMT Capital, Longhash Ventures and AngelDAO. Spin was founded in mid June 2021.

Total raised

$4M

Funding rounds

1

Latest round

Seed

Latest activity

Feb 2022