Symbridge

Symbridge

Verified

Launch date
Employees
Market cap
-
Net debt
-
Enterprise valuation
$36—54m (Dealroom.co estimates Jan 2022.)
Greenwich Connecticut (HQ)
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DateInvestorsAmountRound
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$9.0m

Early VC
Total Funding000k

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Symbridge is a cutting-edge financial technology startup that operates in the digital asset market. The company provides a blockchain-based trading platform designed to offer transparent and secure trading of digital assets. Symbridge primarily serves institutional clients, such as hedge funds, asset managers, and other professional traders who require a reliable and efficient trading environment.

The market Symbridge operates in is the rapidly growing digital asset space, which includes cryptocurrencies and other blockchain-based financial instruments. This market is characterized by high volatility and the need for robust security measures to protect against fraud and hacking.

Symbridge's business model revolves around a permissionless exchange system that uses a peer-to-peer validation network. This means that market participants who have purchased nodes verify trades and prices. Once validated, these transactions are recorded on the blockchain, ensuring transparency and security. The platform provides transparent access to orders and prices, which are accessible to both market participants and regulators. This transparency helps in price discovery and discourages market manipulation.

Symbridge makes money by charging fees for transactions conducted on its platform. These fees can include trading fees, listing fees for new digital assets, and possibly subscription fees for premium services or data access. By providing a secure and transparent trading environment, Symbridge aims to attract a high volume of trades, thereby increasing its revenue.

In summary, Symbridge is a blockchain-based trading platform that offers secure and transparent trading of digital assets, primarily serving institutional clients in the digital asset market. The company makes money through transaction fees and aims to enhance price discovery and market transparency.

Keywords: blockchain, digital assets, trading platform, institutional clients, transparency, security, peer-to-peer, validation network, price discovery, market manipulation.

Tech stack

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