Decentralized Exchange Ostium Completes $20M A-Round Funding Led by Jump Trading

In accordance with HashNews, decentralized exchange Ostium has completed a $20 million A-round funding led by General Catalyst and Jump Trading, with participation from Coinbase Ventures, Wintermute, and GSR. The funding values the platform at approximately $250 million. Ostium focuses on perpetual contracts tied to real-world assets such as commodities and stocks, aiming to provide a transparent and efficient channel for overseas investors outside the U.S. to access the American market. The co-founder and CEO stated the platform is not competing directly with crypto-native perpetual contract protocols like Hyperliquid, but rather traditional online brokers such as Robinhood and eToro. The company currently has 15 employees, and the funding will be used to expand into non-crypto user markets. The product is designed to address the opaque systems and outdated technology that overseas investors face when accessing the U.S. market through traditional brokers.