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Rails Raises $14M From Backers Including Kraken to Launch Crypto Exchange

Summary by Coin Desk
Backed by Kraken, Slow Ventures, and CMCC Global, the trading platform offers on-chain custody combined with high speed execution.

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Coin DeskCoin Desk
Center

Rails Raises $14M From Backers Including Kraken to Launch Crypto Exchange

Backed by Kraken, Slow Ventures, and CMCC Global, the trading platform offers on-chain custody combined with high speed execution.

·Manila, Philippines
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FortuneFortune
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WDC TV NewsWDC TV News
Center

Rails launches perps-only crypto exchange in the U.S. with $14 million in new funding to build a better FTX

Rails is backed by Sam Lessin’s Slow Ventures and cofounded by the former Grindr COO.

·New York, United States
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decrypt.codecrypt.co
Reposted by
Bitcoin Ethereum NewsBitcoin Ethereum News

Kraken-Backed Startup Launches Hybrid Crypto Exchange With $14M Raise

Rails said its mix of centralized execution and on-chain custody combines exchange-level speed with user control and blockchain transparency.

·New York, United States
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Fortune broke the news in New York, United States on Wednesday, June 4, 2025.
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