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§ Private Profile · Gurugram, India
Exchange to trade on outcome of events.
TradeX has raised $5.0M across 2 funding rounds.
Key people at TradeX.
TradeX was founded in 2021 by Indrajeet Roy (Founder) and Ankit Shrivastava (Founder) and Divij Goyal (Founder).
TradeX has raised $5.0M in total across 2 funding rounds.
TradeX is an exchange to trade on the outcome of events that affect your everyday life. We are the world’s most simplified derivative exchange, where you can trade on yes or no (whether an event will happen).
TradeX allows people to trade on what matters to them. Examples: Climate change, transportation, currencies, GDP, omicron cases, inflation rate, movie launch, next president & much more.
Our USP: Allowing people to trade on what they know rather than studying company financials or worrying about market conditions. We are making opinions investable.
Our MOTO: What do you do with your opinion? Believe in it.
TradeX has raised $5.0M across 2 funding rounds. Most recently, it raised $4.0M Seed in April 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 1, 2022 | $4M Seed | — | Blackbird Ventures Australia, Firstminute Capital, Polymath Ventures, Singular | Announced |
| Oct 1, 2021 | $1M Seed | — | Blackbird Ventures Australia, Firstminute Capital, General Catalyst, GSF Accelerator, Norwest Venture Partners, Polymath Ventures, WestCap | Announced |
Key people at TradeX.
TradeX was founded in 2021 by Indrajeet Roy (Founder) and Ankit Shrivastava (Founder) and Divij Goyal (Founder).
TradeX has raised $5.0M in total across 2 funding rounds.
TradeX's investors include Blackbird Ventures Australia, Firstminute Capital, Polymath Ventures, Singular, General Catalyst, GSF Accelerator, Norwest Venture Partners, WestCap.
TradeX is a decentralized prediction market platform that enables users to trade on the outcomes of real-world events such as elections, sports, financial markets, and entertainment. It operates as an exchange where users can take yes/no positions on various event outcomes, earning rewards based on the accuracy of their predictions. The platform primarily serves retail traders and speculators, with a strong user base in India and growing presence in Southeast Asia. TradeX leverages blockchain technology, specifically integrating with Avalanche, to offer faster transactions, lower costs, and enhanced transparency, bridging traditional Web2 user experience with Web3 decentralization. This approach aims to mainstream prediction markets by allowing users to hedge risks and speculate on trends across diverse sectors[1][2][3].
For an investment firm perspective, TradeX’s mission centers on democratizing access to prediction markets through blockchain, fostering user engagement via innovative token reward systems, and expanding blockchain adoption in emerging markets. Its investment philosophy likely emphasizes leveraging decentralized finance (DeFi) innovations to tap into the large and growing market for event-based trading, particularly in India’s $1.5 billion sports and prediction market sector. TradeX’s impact on the startup ecosystem includes pioneering hybrid Web2/Web3 models that lower barriers for traditional users to enter decentralized markets, thus accelerating blockchain adoption and innovation in financial derivatives based on real-world information.
TradeX was founded in 2022, with co-founder Indrajeet Roy playing a key role in shaping its vision. The idea emerged from recognizing the untapped potential of prediction markets within decentralized finance and the opportunity to serve the Indian market, which has a strong appetite for event-based speculation, especially in sports and politics. Early traction was driven by the platform’s ability to process over 50,000 on-chain transactions daily, predominantly from India, and its strategic integration with Avalanche to improve transaction speed and cost efficiency. This evolution reflects a shift from traditional opinion trading to a blockchain-enabled, trustless environment that appeals to both Web2 and Web3 users[1][2][9].
TradeX rides the growing trend of decentralized finance and blockchain adoption in emerging markets, particularly India, where regulatory scrutiny and high taxes on real-money gaming have challenged traditional opinion trading platforms. By shifting to a decentralized, tokenized model on Avalanche, TradeX addresses market demands for transparency, speed, and lower costs. The platform also taps into the expanding interest in prediction markets as tools for hedging and speculation beyond conventional financial instruments. Its hybrid approach helps bridge the gap between Web2 users and Web3 ecosystems, potentially accelerating mainstream blockchain adoption. TradeX’s evolution reflects broader market forces favoring decentralized, user-empowered financial products amid increasing regulatory complexity in traditional gaming and trading sectors[1][2][7].
TradeX’s future likely involves expanding its user base beyond India into global markets, enhancing its social finance (social fi) features, and deepening integration with blockchain ecosystems to improve liquidity and user engagement. Trends shaping its journey include growing interest in decentralized prediction markets, regulatory developments around opinion trading, and increasing demand for alternative risk management tools. TradeX’s influence may evolve as it pioneers hybrid models that combine ease of use with blockchain benefits, potentially setting standards for decentralized event trading platforms. However, it must navigate regulatory challenges and user trust issues, as some platforms in this space have faced criticism for transparency and withdrawal difficulties. Successfully addressing these will be key to TradeX’s long-term impact and mainstream adoption[1][2][6][7].
