TurboFlow, a Hong Kong-based trading platform, just pulled in $6 million in seed funding. Pantera Capital led the round, with Susquehanna Crypto and Digital Currency Group chipping in.
The platform offers prediction markets and perpetual futures, and it’s aiming squarely at Asian users who don’t have great localized options right now. Founder Tony He — formerly with Amber Group — says prediction markets like Kalshi and Polymarket have exploded in the West, but Asia’s been left behind.
“We see a large unfilled gap between Asian users and proper institutional-grade liquidity,” He said. “We’re striving to become that bridge.”
The beta’s been running for over six months with 15,000 registered users. They claim more than $19 billion in trading volume so far. The team’s got 30+ people, mostly in Hong Kong, and plans to stay lean.
Regulatory-wise, He says frameworks across APAC “vary significantly and are still evolving.” They’re working with advisors to figure out compliance market by market.
What’s interesting: He says prediction markets are their fastest-growing segment, even though perps have traditionally dominated crypto trading. That’s a bet on users wanting something genuinely different.
