TrueX is the flagship product of True Markets and a non-custodial, stablecoin-native crypto exchange launched out of stealth. The platform features a proprietary matching engine, segregated execution and custody, and seamless stablecoin settlement. TrueX partners with Paxos for regulated blockchain infrastructure and custodial services, using PayPal USD as the default settlement currency. The founding team includes Vishal Gupta and Patrick McCreary, former leaders at Coinbase, Circle, and Goldman Sachs; the company was founded in 2024. TrueX is rolling out a Liquidity Program that offers discounted taker fees, preferred maker fees, and an equity competition of up to $1 million for top volume traders. The company announced $9 million in seed funding to support its launch and market programs.

Total raised

$9M

Funding rounds

1

Latest round

Seed

Latest activity

Sep 2024