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COMPANY PROFILE

Firefly Exchange

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High-performance, non-custodial trading protocol

Toronto, CanadaFounded 2020Fintech
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Firefly Exchange and the history behind them.

About Firefly Exchange

Firefly Exchange, also known as Bluefin, is a non-custodial trading platform that operates in the digital asset market. The platform is designed to provide near-instant settlement, reliable order execution, and constant uptime, making it an attractive option for traders looking for speed and reliability. The platform's security is ensured through partnerships with leading Web 3.0 security firms such as Trail of Bits, Chaos Labs, and Guardrail.

The platform is designed to be user-friendly, requiring only a Google Account to get started. No additional wallets are required, simplifying the process for new users. Additionally, Firefly Exchange offers an API and intuitive client libraries with built-in wallet management, which can be used to develop programmatic trading bots. This feature can be particularly useful for more advanced traders looking to automate their trading strategies.

Firefly Exchange's interface includes real-time order books, charting tools, trade history, and a simple order process. These features provide users with the tools they need to make informed trading decisions. However, it's important to note that all assets on the platform involve a degree of risk and may result in partial or total loss of investment.

The platform is not available to United States residents, indicating that its primary market is international. The business model of Firefly Exchange is likely based on transaction fees, which are common in the digital asset trading industry.

In conclusion, Firefly Exchange is a non-custodial digital asset trading platform that offers near-instant settlement, reliable order execution, and a user-friendly interface. It serves international traders and makes money through transaction fees.

Source: Dealroom company data

At a glance

Founded
2020
Headquarters
Toronto, Canada
Sector
Fintech

Investors

17 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed10 investors entered at this stage

  • Three Arrows Capital
  • DeFiance Capital
  • IOSG Ventures
  • Hypersphere Ventures
  • Polychain Capital
  • ParaFi Capital
  • PNYX Venture
  • LedgerPrime
  • Mechanism Capital
  • Kronos Research

Series A2 investors entered at this stage

  • Tower Research Capital
  • Susquehanna International Group

Series B and later5 investors entered at this stage

  • CMS Holdings
  • Altonomy
  • Alameda Research
  • MGNR
  • Maven Capital
Team profiled 4 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
16 countries with
team presence
🇺🇸 United States23.8%
🇵🇰 Pakistan19.1%
🇬🇧 United Kingdom14.3%
🇨🇦 Canada7.1%
🇧🇷 Brazil4.8%
Top 5 of 16 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Firefly Exchange on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

See Firefly Exchange on the full Dealroom platform

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