Euphoria, a derivatives trading app, has successfully attracted $7.5 million, highlighting its goal to make cryptocurrency trading more accessible.
Funding and Investor Attention
Euphoria has completed a $7.5 million funding round, with participation from Karatage, Figment Capital, and Robot Ventures. This funding captured the attention of over 100 angel investors, signaling significant support for the project within the industry.
New Approach to Mobile Trading
Following the funding, Euphoria plans to release a 'tap trading' mobile app aimed at non-technical users. This is expected to lower entry barriers by simplifying trading operations and broadening the user demographic for derivatives.
Potential of Simplified Trading Models
Euphoria’s new approach to trading may significantly impact the DeFi market by attracting new users. Some experts note that models such as 'tap-to-earn' were previously used in DeFi games, potentially bringing novelty to traditional derivatives trading.
Euphoria aims to make derivatives trading more accessible and understandable. The success of this project could positively influence user engagement in the DeFi sector.
