Rails Raises $14M in Funding

Rails launches hybrid crypto exchange, raises $14M USD via token sale

Canadian-founded, Miami-headquartered Rails has raised $14 million USD (about $19.1 million CAD) through the sale of token warrants and launched its hybrid cryptocurrency trading platform in the United States (US). “You have to find a good middle ground between good regulation and fostering innovation. And I think we’ve lost that balance.” Satraj Bambra, Rails In an interview with BetaKit, Rails’ co-founder and CEO Satraj Bambra said the startu…

Rails Raises $14M in Funding

Rails, a Miami, FL-based hybrid crypto exchange, raised $14m in funding. Backers included Slow Ventures, CMCC, Kraken, Round13, and Quantstamp. The company intends to use the funds to expand operations and its development efforts. Led by Satraj Bambra, Co-Founder & CEO, Megha Bambra, Co-Founder & CTO, Rick Marini, Co-Founder & COO, and Brent Vegliacich, Co-Founder, […] The post Rails Raises $14M in Funding appeared first on FinSMEs.

Rails launches with $14M to fix what FTX broke - Refresh Miami

A year ago, launching a U.S.-based crypto exchange focused on perpetual futures would’ve been a non-starter. But a lot has changed… and fast. With a new administration in Washington and shifting regulatory winds, a startup called Rails has decided the time is finally right. And they’re not playing small. The Miami and Toronto company just raised $14 million through a token sale to go live this week with a new crypto exchange designed to combine …