Ultrade
1 known investors
Ultrade is a non-custodial trading platform offering perps, spot, and lending with unified cross-chain margin that keeps assets native across nine chains without bridges or wrapped assets. It serves market makers, funds, token issuers, and ecosystem operators, providing protected execution, shared liquidity, and whitelabel branded venues.
Also known as ULTRADE
Founders & leadership
Investors Β· 1
Company profile
researched Aug 2026Ultrade is a non-custodial trading platform that combines perpetual futures, spot trading and lending in a single venue backed by one capital base. Its unified margin model lets collateral remain native across nine supported chains, without bridges, wrapped assets or a private L1/L2, which the company frames as reducing exposure to bridge exploits, wrapped-asset contagion and operator-controlled chain risk. Active collateral is intended to keep earning yield rather than sitting idle between venues.
The product stack has three layers: NEX, described as the underlying "native exchange tech" substrate that keeps assets native and unifies the account surface; Perps NEX, the flagship venue for native collateral, protected execution and perps and spot workflows; and a whitelabel network, a shared-liquidity layer through which partners can launch branded venues, self-list assets, set their own fees and access distribution. Market-structure features highlighted include protected execution intended to reduce intent signalling on large orders, open liquidation auctions instead of privileged internal mechanisms, and the absence of punitive auto-deleveraging so that hedges remain intact.
The company maintains a public GitHub organization with Python, JavaScript and React SDKs, embedding libraries for React and Angular, a React Native mobile app template, a fork of the Hummingbot trading-bot framework, and an MCP server for AI trading agents across multiple chains.
Business model
Ultrade operates a trading venue and supplies its exchange stack to third parties: partners launch branded whitelabel venues on shared liquidity, self-list assets and set their own fees, positioning the company as B2B2C market infrastructure alongside its own flagship Perps NEX venue.
Traction
The platform is in a pre-mainnet phase, inviting prospective users to join a testnet waitlist to evaluate perps, capital workflows, APIs and branded-market infrastructure. Its public GitHub organization hosts 11 repositories, with SDK activity recorded into 2025 and 2026.
βΈFull profile β market position, technology, go-to-market, history
Market position
Ultrade presents itself as a non-custodial prime services venue for institutional capital in decentralized markets, competing with venues that it characterizes as requiring tradeoffs between security, capital efficiency and market structure.
Ultrade positions itself as combining security, capital efficiency and market structure without the tradeoffs it attributes to other venues: assets stay native with no bridges, wrappers or private chains; a single capital base supports perps, spot and lending while collateral continues earning yield; and liquidations are handled through open auctions rather than privileged internal mechanisms or punitive auto-deleveraging.
Technology
The NEX architecture keeps user assets native on their originating chains β spanning nine chains β and unifies the account surface so that perps, spot and lending draw on a single margin base, avoiding bridge custody, wrapped assets and a proprietary L1/L2. Additional mechanisms include protected execution for large orders, open liquidation auctions and the absence of punitive auto-deleveraging. Developer tooling published by the company includes Python, JavaScript and React SDKs, React and Angular embedding libraries, a mobile app template, a Hummingbot fork and an MCP server for AI trading agents.
Go-to-market
The company markets directly to institutional participants β market makers, funds, token issuers and ecosystem operators β through workflow-specific offerings, and expands via a whitelabel network in which partners launch branded venues on shared liquidity. Access is currently gated through a testnet waitlist ahead of mainnet launch.
Market makers seeking capital reuse, auto-borrow, APIs and protected execution; funds and basis desks needing portfolio margin; token issuers and RWA tokenizers wanting branded venues and self-listing on shared liquidity; and ecosystem operators looking for B2B2C market infrastructure rather than building isolated venues.
History
The company was earlier presented as a whitelabel, brandable DeFi-as-a-Service trading platform built on the Algorand blockchain, enabling Web3 audience owners to launch branded DeFi trading platforms with a built-in liquidity network; consistent with that origin, its earliest public repositories include an Algorand multi-wallet integration library. It has since positioned itself around non-custodial prime services with unified cross-chain margin across nine chains, a flagship Perps NEX venue and a whitelabel shared-liquidity network.
Compiled by commissioned research from 5 cited public sources β announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed β not independently audited.
Timeline Β· 2
launches, deals, and filingsUltrade invites users to join a testnet waitlist to evaluate perps, capital workflows, APIs and branded-market infrastructure before mainnet.
The ultrade-mcp repository, described as an ULTRADE MCP for AI trading agents across multiple chains, was last updated in May 2025.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
βΈResearch sources Β· 5
primary sources listed
- Ultradeultrade.org Β· web
5 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Ultrade do?
- Ultrade is a non-custodial trading venue offering perps, spot and lending with unified cross-chain margin on native assets.
- Who founded Ultrade?
- Ultrade was founded by Dan Goldman.
- Who are Ultrade's investors?
- Ultrade's investors include Castrum Capital.