Limitless Exchange Announces Successful $10 Million Seed Round Ahead of LMTS Token Launch

Limitless Exchange Announces Successful $10 Million Seed Round Ahead of LMTS Token Launch

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Limitless exchange, a reputable prediction market platform has announced today that it has successfully concluded its seed funding round after securing a massive $10 million.

Led by 1confirmation, the funding round saw participation from Collider, F-Prime, DCG, Coinbase Ventures, Node Capital, and Arrington Capital. Notably, Flyer One Ventures and SID Venture Partners had previously joined Limitless’ strategic round, further strengthening the platform’s base.

According to the announcement, the platform has recently surpassed $500M in total trading volume, positioning it as the largest prediction market on Base.

While it has recently launched, the platform’s rapid growth highlights the strength of its market model and accessibility. Notably, the asset’s trading volume grew 25x between August and September, and by mid-October the platform had already processed $100M+ in notional trading volume, surpassing September’s totals in just half the time.

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Limitless has built a strong momentum with its product In September, Limitless ran a Kaito Launchpad sale event that drew overwhelming demand, with more than $200M in allocation requests for a $1M raise. Apparently, the record-setting oversubscription was a clear signal of market appetite and added further momentum ahead of the LMTS token launch.

As such, the rapid acceleration shows how Limitless is capturing both crypto-native and casual traders by removing traditional barriers to trading and making prediction markets a mainstream tool.

While Limitless has already become the easiest possible way to trade crypto and stocks on fast markets. In just one minute, users can enter 30- or 60-minute markets, benefit from instant resolutions, and trade without liquidation risks or hidden fees. 

With its latest funding round, Limitless will be able to accelerate product development, expanding the range of markets to even shorter timeframes, such as 15-, 10-, and 1-minute markets. 

The company also plans to scale user acquisition initiatives and is exploring licensing opportunities in relevant jurisdictions to ensure sustainable global growth. Together, these initiatives strengthen Limitless’ position as a unique product at the intersection of finance and prediction markets.

Speaking on the new milestone, CJ Hetherington, CEO at Limitless Labs, said;

“We’re grateful for the continued support of our early investors who are doubling — and in some cases tripling — down, and excited to welcome more industry heavyweights to the cap table, such as F-Prime, DCG, and Arrington Capital, ahead of the LMTS token launch.”

“What’s most exciting is our investors and early users already recognize how Limitless is the simplest way in the world to get access to high leverage trading. Prediction markets are going mainstream and transforming into a new multi-trillion dollar derivatives category. The future is Limitless, Hetherington added.



Source: https://zycrypto.com/limitless-exchange-announces-successful-10-million-seed-round-ahead-of-lmts-token-launch/