TradeX: Revolutionizing Prediction Markets with Latest Advancements and B2B Expansion
TradeX, a groundbreaking app transforming prediction markets, has made waves with its latest advancements. Securing a substantial $4.5 million in funding from prominent investors, including Y Combinator, the platform is now venturing into new territory with the launch of a B2B vertical, expanding its reach and partnerships.
One of the key highlights of TradeX’s recent developments is its embrace of blockchain technology, with the initiation of a web3 integration with Avalanche. This move underscores the platform’s commitment to innovation and cutting-edge solutions. Additionally, TradeX boasts a growing user base, with over $50 million in monthly transaction volume and the successful launch of Askx.me, a social finance platform that has already garnered over 1 million downloads in just a month.
The introduction of an innovative trading app by TradeX is redefining prediction markets, offering users a next-generation stock exchange experience within the realm of event-based predictions. Catering specifically to Indian consumers, the platform allows users to trade on everyday event outcomes, providing direct exposure to real-life events.
Empowering users with financial insights, TradeX enables individuals to engage with real-life events and make informed decisions to reinforce existing investments or hedge strategic positions. Acting as a derivatives market, TradeX facilitates trading based on personal opinions, creating a peer-to-peer trading platform akin to real money gaming.
With a focus on the Indian market and aspirations for global expansion, TradeX has established its headquarters in the United States. The platform aims to harness collective wisdom through prediction markets to facilitate impactful decision-making processes and counteract misinformation prevalent on social media platforms.
Supported by a diverse group of investors, including TDV Partners, SoMa Capital, and notable individuals such as Maninder Gulati, Anupam Mittal, and Rajesh Shawney, TradeX has garnered significant backing from the investment community. With expert insights from industry leader Balaji Srinivasan and a team led by graduates of IIT Roorkee with extensive professional experience, TradeX is poised to revolutionize predictive trading and empower users to make informed decisions based on personal insights.
