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Cascade Unveils 24/7 Neo-Brokerage Offering Perpetuals on Cryptos, U.S. Stocks
The platform will let retail traders use one margin account to trade round-the-clock perpetual markets.
Dec 9, 2025, 5:00 p.m.
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What to know:
- Cascade has introduced a 24/7 brokerage-style app for perpetual markets spanning crypto, U.S. equities and private-asset exposure.
- The firm is pitching a single, unified margin account with direct-to-bank U.S. dollar capability for deposits and withdrawals.
- The company has raised $15 million from investors including Polychain Capital, Variant and Coinbase Ventures.
Cascade, a New York-based startup, introduced what it called the first 24/7 neo-brokerage built around a unified margin account for perpetual markets tied to cryptocurrencies, major U.S. stocks and private companies such as OpenAI, SpaceX and Stripe.
The platform is designed to resemble a modern retail brokerage while running on a new execution and settlement stack built for always-on trading, the company said in a press release Tuesday. Selected depositors already have access by invitation, and public access is expected to open in early 2026.
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The launch comes as crypto-native market structure is creeping into consumer trading, with startups arguing that traditional brokerage plumbing was built for market hours and batch settlement. Cascade is leaning into that thesis, and said crypto infrastructure enables software-based settlement and more transparent collateral management that could support continuous markets.
“Our goal is to bring the speed and clarity of fintech trading to the world of perpetual markets,” said Kevin, a co-founder of Cascade who declined to give his family name, in the release.
Users will be able to move U.S. dollars in and out directly with their banks, trade from a single account and keep positions open around the clock, according to the announcement.
Cascade said it will debut with more than 10 perpetual markets and expand the lineup over time.
The platform aims to offer a single account where users can "own equities, trade digital assets, borrow against your portfolio and access synthetic exposure within a single account that settles continuously and is available 24/7," Kevin said.
Cascade has raised $15 million to date from investors including Polychain Capital, Variant, Coinbase Ventures and Archetype, among others.
Read more: New Crypto Hedge Fund With $100M Seed Capital Targets BTC-Linked Institutional Alpha
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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