TurboFlow Secures $6M to Expand Prediction Markets in Asia

TurboFlow has secured $6 million in funding to expand its on-chain platform for prediction markets and perpetual futures contracts in Asia. The seed round was led by Pantera Capital, with participation from Susquehanna Crypto and Digital Currency Group.

The investment brings TurboFlow's market capitalization into the spotlight, although the exact figure remains undisclosed. According to Tony He, founder of TurboFlow, the three investors fully participated in the transaction.

TurboFlow aims to bridge the gap between Asian users and institutional liquidity for prediction markets. The company's beta version has been operational for over six months, with a trading volume exceeding $19 billion. In that time, the platform saw 15 registered users, but it's the prediction market segment where TurboFlow is seeing rapid growth.

The high-speed event trading platform allows trades to start from just $2 and features fast settlement for short-term contracts. The company currently has over 30 employees, with a lean structure in place as it expands its presence in the region's cryptocurrency markets.