HomeUSASidepit Raises Pre-Seed Funding

Sidepit Raises Pre-Seed Funding

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Sidepit

Sidepit, a Berkeley, CA-based fintech startup, raised an undisclosed amount in Pre-Seed funding.

Backers were not disclosed.

The company intends to use the funds to accelerate the development of a trading platform built around a patented Decentralized Limit Order Book (DLOB).

Led by CEO and Founder Jay Berg, Sidepit is committed to eliminating hidden manipulation in traditional and decentralized finance exchanges through its patented decentralized limit order book (DLOB) technology, offering fair and transparent trading infrastructure for institutions and retail traders.

The Sidepit patented DLOB technology prevents trade execution risks such as flash crashes from high-frequency trading (HFT) bots in centralized exchanges, and front-running, also known as Miner Extracted Value (MEV), in blockchain exchanges. This innovation creates a safe, fair and transparent trading environment for all participants.

FinSMEs

10/10/2024

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