Rich by Coin

Based raises $11.5 million Series A led by Pantera Capital with participation from Coinbase Ventures, Wintermute Ventures, and Karatage. Based, a Web3 consumer SuperApp, has raised $11.5 million in Series A funding. The funding will accelerate Based’s expansion into new markets and enhance its on-chain financial infrastructure, with the goal of scaling the platform into the default financial app for on-chain users worldwide. Co-founded by Edison (CEO) and Zac (CTO), Based offers a unified experience for trading, spending, and staking crypto, with access to Hyperliquid’s spot and perpetual futures markets and advanced order types such as trailing stops and automated take-profit stop-loss executions.

“Based, anyone anywhere can invest globally and spend locally,” Edison said, and, “Most crypto products today are for traders or builders, not for everyday users. We’re building one app to trade, earn, and spend seamlessly.” Built on Hyperliquid’s high-performance execution environment, Based blends institutional-grade speed and liquidity with a consumer-friendly interface, with Hyperliquid enabling spot and perpetual futures trading and supporting complex order types. “Hyperliquid is building a house for all of finance,” said Jay Yu, Junior Partner at Pantera. Based is the front door, the leading gateway to trade everything and spend anywhere; eight months after launch, it has grown to more than 100,000 registered users and 30,000 monthly active users across five regions, generating roughly $40 billion in cumulative trading volume and nearly $14 million in revenue.

Based plans to expand into North America and additional global markets, and its modular infrastructure enables partners to integrate Based’s core services into their own products. Its composable SuperApp model allows users to trade on-chain markets and access real-world financial utility, delivering fast, reliable access to crypto trading, earning, and spending in a single platform. The company envisiones AI-driven “agentic commerce” to enable more intelligent automation of trading and spending workflows, strengthening user experience and institutional-level infrastructure as adoption grows.