Canadian-founded crypto startup Rails has raised $14 million USD to support the U.S. launch of its hybrid trading platform. The Miami-headquartered firm, co-founded by Toronto entrepreneurs Satraj and Megha Bambra, aims to combine the speed of centralized exchanges with the security of decentralized platforms. Backers include Slow Ventures, Kraken, and Toronto’s Round13 Capital.
Despite retaining a strong engineering base in Toronto, Rails chose Miami for its crypto-friendly climate. CEO Satraj Bambra says Canada’s regulatory stance has deterred innovation. “We’ve lost that balance,” he said. Funds will be used to deepen liquidity, grow the team, and expand platform offerings.
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