Summary:
- Rails, a Miami-based hybrid crypto exchange, raised $14 million in funding.
- Backers included Slow Ventures, CMCC, Kraken, Round13, and Quantstamp.
- The company plans to use the funds for expanding operations and development efforts.
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Rails, a cryptocurrency exchange based in Miami, recently secured $14 million in funding from various investors such as Slow Ventures, CMCC, Kraken, Round13, and Quantstamp. The funding will be utilized to enhance the company’s operations and further develop its platform.
Led by a team consisting of Satraj Bambra, Megha Bambra, Rick Marini, and Brent Vegliacich, Rails stands out as a perpetual trading platform that seamlessly combines centralized order processing with on-chain custody, offering users the best of both worlds on a single platform. Transactions on Rails are cryptographically aggregated and recorded on-chain to protect user privacy. Users have the ability to cryptographically verify their transactions, which are included in a Merkle tree accessible through the platform’s transaction explorer.
The platform’s centralized order processing is designed for swift order matching with sub-millisecond processing times. Rails’ proprietary matching engine can scale seamlessly, ensuring fast settlements and real-time updates to user account balances. User funds are securely held on-chain in an audited smart contract that tracks all important fund movements like deposits, withdrawals, and fees.
With the recent funding injection, Rails is poised to expand its reach and enhance its technological capabilities, offering users a reliable and efficient platform for cryptocurrency trading.
By FinSMEs on 06/06/2025
