Share this article
Derivatives Trading Protocol Vega Raises $5M From Coinbase, Arrington and More
The funding will go toward Vega's mainnet launch.
Updated Sep 14, 2021, 12:28 p.m. Published Mar 18, 2021, 4:24 p.m.
Decentralized derivatives trading protocol Vega has closed a $5 million funding round with contributions from a number of venture capital and trading firms such as Arrington Capital and Coinbase Ventures.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Gibraltar-based Vega Protocol said investors include Cumberland DRW, ParaFi Capital, Signum Capital, CMT Digital, CMS Holdings, Three Commas, GSR, SevenX Ventures, ZeePrime Capital and more.
- The funding will go toward mainnet launch as Vega becomes the "first institutional-grade derivatives trading protocol" and will support its mission to "democratize markets" by allowing anyone to launch a derivatives market, said the firm.
- For high-volume derivatives trading, it would remove "centralized gatekeepers," reduce fees and allow instant settlement, Vega added.
- "By allowing anyone to create and launch a derivatives market, we aim to give people the tools they need to hedge risks unique to their region, profession, or situation," said Vega founder Barney Mannerings.
- In October 2019, Vega announced it had secured a $5 million seed round led by Pantera Capital. Other investors included Ripple’s Xpring, Hashed and KR1.
Read more: Pantera Leads $5 Million Round for Decentralized Derivatives Market
Higit pang Para sa Iyo
Ano ang dapat malaman:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Higit pang Para sa Iyo
Barclays Sees ‘Down-Year’ for Crypto in 2026 Without Big Catalysts
Spot trading volumes are cooling, and investor enthusiasm is fading amid a lack of structural growth drivers, analysts wrote in a new report.
Ano ang dapat malaman:
- Barclays forecasts lower crypto trading volumes in 2026, with no clear catalysts to revive market activity.
- Spot market slowdowns pose revenue challenges for retail-focused platforms like Coinbase and Robinhood, the bank said.
- Regulatory clarity, including pending market structure legislation, could shape long-term market growth despite near-term headwinds.
Top Stories
