Overview
- TurboFlow confirmed on Tuesday that Pantera Capital led a $6 million seed round with participation from Susquehanna Crypto and Digital Currency Group to fund product work, liquidity and regional user growth.
- The Hong Kong‑based startup says its beta has processed about $19.15 billion in trading volume across roughly 14.5k users and combines prediction markets, which let people bet on event outcomes, with perpetual futures, which let traders hold leveraged positions.
- Reporting identifies a SIG Crypto market‑making tie intended to supply liquidity and an oracle‑based automated market maker that keeps prices available even when order books thin.
- Several outlets reported TurboFlow intends to offer zero‑fee trading and support up to 1,000x leverage on perps, descriptions that raise sustainability and consumer‑protection questions and should be treated as reported product claims rather than independently verified features.
- The raise taps growing institutional interest in event and derivatives trading as perpetual futures and prediction‑market volumes surge, and the company’s APAC push will test diverse regional rules in markets such as Japan, South Korea and Singapore.