Terrace Analysis: $5M Raised
What is Terrace?
Terrace is a crypto venue that aggregates liquidity from top exchanges, decentralized exchanges, market makers, and OTC desks. This integrated platform offers a comprehensive solution for traders seeking deeper liquidity and better prices. By consolidating multiple sources of liquidity, Terrace enhances trading efficiency and user experience.
Location
3720 Mount Veeder Road, Napa, California 94558, United States
Founded
2021
Product Features & Capabilities
- Advanced Trading Tools, Pathfinder, Portfolio Management, History, Multi-Wallet, Order & Execution Management, Smart Order Routing, Live Order Books, Limit Orders, TWAP, Order Aggregation, Token Screening, Token & Contract Security, MEV Protection, Cross-Chain & Multi-Chain.
How much Terrace raised
Seed - $4.7 million
September 26, 2024Lead Investor: Hack VC, Y Combinator, Hashkey Capital, Cathexis Ventures, Uncorrelated
Who are the founders of Terrace
JB
Jesse Beller
Founder
Investors
- Dewhales Capital
- WWVentures
- ZK Prime Capital
- Cathexis Ventures
- Hack VC
Market Focus
Terrace primarily focuses on the cryptocurrency trading market, providing tools for order execution, portfolio management, and cross-chain trading.
Business Model
Revenue generated through trading fees, listing fees, and premium services for users.
Competitors Overview
The main competitors of Terrace in the crypto trading and portfolio management market include:
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Mintify: Mintify provides a trading platform specifically for Non-Fungible Tokens (NFTs) within the blockchain. Its focus on NFTs distinguishes it from Terrace, which offers a broader range of crypto trading tools. Mintify's advantage lies in its specialized services for NFT traders, catering to a niche market that is rapidly growing.
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Shrimpy: Shrimpy allows users to connect their exchanges and wallets, enabling them to automate trading strategies, track performance, and analyze the market. Its unique features for portfolio management and automation provide a significant advantage for users looking to optimize their trading strategies. Shrimpy's emphasis on user-friendly automation tools may appeal to less experienced traders compared to Terrace's more comprehensive trading terminal.
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HyperLinq: HyperLinq has made its institutional-grade trading terminal free of charge, eliminating subscription fees. This democratization of access to advanced trading tools can attract a wide range of users, particularly those who are cost-sensitive. HyperLinq's focus on creating efficient trading systems and its free access model provide a competitive edge in attracting new users.
These competitors highlight different aspects of the crypto trading market, with each offering unique features and advantages that may appeal to various segments of traders.
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