The post TrueX Unveils Non-Custodial Trading Platform with PayPal’s PYUSD, Secures $9M Funding appeared on BitcoinEthereumNews.com.

TrueX, founded by a former Coinbase exec, has launched True Market, a stablecoin-native and non-custodial crypto trading platform. The company has also completed a $9 million seed funding from investors including Solana Foundation, Aptos, Paxos, and others. “With the support of our talented team and committed investors, we are proud to unveil a next-generation platform that redefines trader expectations,” said Vishal Gupta, Co-Founder and CEO of TrueX. Discover the latest in crypto trading with TrueX’s innovative platform backed by $9 million in seed funding. Introduction of True Market and Its Unique Features True Market, unveiled by TrueX, marks a significant advancement in the crypto trading landscape. This platform is designed to be stablecoin-native and non-custodial, ensuring the security and efficiency of transactions. Leveraging PayPal’s PYUSD for settlements, True Market aims to revolutionize how traders interact with crypto markets. Significant Backing and Strategic Funding This launch comes on the heels of an impressive $9 million seed funding round. Investors like Solana Foundation, Aptos, Paxos, and several venture capital firms have shown strong support. Such substantial backing underscores the market’s confidence in TrueX’s potential to innovate within the crypto trading sphere. Leadership and Vision Behind TrueX TrueX was co-founded by Vishal Gupta and Patrick McCreary, both veterans from top-tier crypto and financial organizations like Coinbase and Goldman Sachs. Their combined expertise drives TrueX’s commitment to delivering top-notch trading solutions. Under Vishal Gupta’s leadership, the company leverages his experience from the development of USDC at Circle to forge ahead in the crypto market infrastructure. Technological Infrastructure and Security TrueX employs Paxos for its underlying infrastructure, a name synonymous with reliability in the crypto space. Paxos, known for previously issuing Binance USD (BUSD) and now managing PYUSD, ceased minting BUSD last year after regulatory directives but remains a pivotal player in the market. TrueX’s…

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Filed under: News - @ September 18, 2024 2:27 pm