Liquid has closed an $18 million seed round to scale its mobile-first trading platform, which offers continuous access to cryptocurrencies, equities, commodities, foreign exchange, prediction markets and private secondaries. The financing supports the company’s bid to turn 24/7 cross-asset execution into a mainstream retail trading experience.
The round was co-led by Neo and Left Lane Capital, with participation from Haun Ventures, K5 Global, SV Angel, AntiFund, Sunflower Capital and existing backers including Paradigm and General Catalyst. The raise brings Liquid’s disclosed funding to more than $25 million since inception.
A Mobile-First Platform for Continuous Markets
Liquid launched in August 2025 and has processed more than $3 billion in trading volume from roughly 40,000 users. Its core pitch is a unified venue where users can trade across asset classes at any time, rather than moving between platforms with different schedules, interfaces and product restrictions.
“Markets don’t operate on a schedule anymore, but most trading platforms still do,” said Franklyn Wang, Liquid’s CEO and co-founder. The company frames its architecture around faster execution, continuous access and simplified exposure across more than 500 markets.
The platform also includes an AI-powered chat assistant designed to support market research and accelerate trade execution. That feature broadens the product’s appeal to both retail users and more advanced traders, but it also introduces a new layer of model-risk and execution-governance questions.
High Leverage Brings Regulatory Pressure
Liquid’s growth story comes with a clear risk profile. The platform offers up to 200x leverage in select jurisdictions while preserving user custody of assets. That combination of high leverage, cross-asset trading and round-the-clock access is likely to attract heightened attention from supervisors and institutional counterparties.
Investors framed the round as validation of demand for always-on markets. Matthew Miller, Managing Partner at Left Lane Capital, said retail traders now represent roughly 36% of order flow and increasingly want direct directional exposure without the complexity of traditional derivatives. Neo CEO Ali Partovi and General Catalyst’s Marc Bhargava also highlighted Liquid’s effort to simplify leveraged access and build a multi-asset venue rather than a single-category exchange.
The broader trend is unmistakable. Always-on trading venues are pushing market infrastructure toward faster access and higher operational complexity. For firms onboarding platforms like Liquid, margin frameworks, stress testing and notification procedures will need to evolve alongside the growth of continuous, high-leverage cross-asset trading.