Trading app Dsdaq raises $1.5m in angel investment round

Trading app startup Dsdaq has netted $1.5m in an angel round led by family investment office Efftronics Asia and venture capital firm DraperDragon.

“Dsdaq is dedicated to providing our users the best mobile trading experience and the greatest trading flexibilities,” said Leah Li, chief marketing officer at Dsdaq.

Dsdaq is a startup that seemingly spins a lot of plates. Firstly, it has an app that essentially sounds like another version of Robinhood’s service: it enables users to explore and trade various global markets, deposit and withdraw funds within ten minutes without being charged any transaction fees.

Dsdaq also seeks to improve the financial infrastructure of under-developed regions with blockchain technology and bridge the gap between traditional finance and the crypto world.

It boasts having almost 50,000 users are and has been able to offers more than 25 financial instruments, despite having only launched on Christmas Eve 2019. It plans to release a new version of the app in May 2020.

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