Based Raises $11.5 Million in Series A Round Led by Pantera Capital

Investment Round and Participants Based, a Web3 consumer application designed for buying, selling, and spending cryptocurrency, has raised $11.5 million in a Series A investment round led by Pantera Capital.
The funding round also saw participation from prominent industry names including Coinbase Ventures, Wintermute Ventures, and Karatage.
According to a statement from the company, the newly acquired capital will be used to expand into new markets and further develop the platform's on-chain financial infrastructure.
Platform Features and Infrastructure Launched approximately eight months ago, Based integrates perpetual futures trading, prediction markets, and real-world cryptocurrency spending into a single interface.
Built natively on Hyperliquid’s execution environment, the platform aims to provide institutional-grade speed and liquidity through a consumer-focused user experience.
Beyond its own application, Based continues to expand its technology stack to support third-party venues, such as HyENA, a perpetuals platform native to Hyperliquid.
Future Vision The co-founder and CEO of Based expressed the platform's mission: Most crypto products today are designed for traders or developers, not for ordinary people who want to live their daily financial lives entirely on-chain.
We are building Based to ensure that anyone, anywhere, can access global markets and use those funds to buy the things they need.