Pantera leads $11.5M round in Based, a Hyperliquid-powered crypto app

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Pantera leads $11.5M round in Based, a Hyperliquid-powered crypto app The company said the fresh capital will be used to expand into new markets and build out its onchain financial infrastructure. By Margaux Nijkerk , AI Boost | Edited by Stephen Alpher Feb 23, 2026, 1:38 p.m. Make us preferred on Google What to know : Based, a Web3 consumer app for trading and spending crypto, has raised $11.5 million in a Series A round led by Pantera, with participation from Coinbase Ventures, Wintermute Ventures and Karatage. The company said the fresh capital will be used to expand into new markets and build out its onchain financial infrastructure. Based combines perpetuals trading, prediction markets and real-world crypto spending into a single interface. Based, a Web3 consumer app for trading and spending crypto, has raised $11.5 million in a Series A round led by Pantera, with participation from Coinbase Ventures, Wintermute Ventures and Karatage. The company said the fresh capital will be used to expand into new markets and build out its onchain financial infrastructure. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy . Launched eight months ago, Based combines perpetuals trading, prediction markets and real-world crypto spending into a single interface. Built natively on Hyperliquid’s execution environment, the platform seeks to pair institutional-grade speed and liquidity with a consumer-focused experience. Beyond its app, Based is also extending its technology stack to power third-party venues such as HyENA, a Hyperliquid-native perpetuals platform. “Most crypto products today are built for traders or builders, not for everyday people who want a complete financial life onchain,” said co-founder and CEO who goes by Edison , in a press release shared with CoinDesk. “We’re building Based so anyone, anywhere can access global markets and also use those funds to purchase things they actually need without jumping through hoops.” Read more: Bitcoin will 'massively' outperform gold over 10 years, says Pantera's Dan Morehead Pantera Hyperliquid Coinbase Ventures AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy . More For You To freeze or not to freeze: Satoshi and the $440 billion in bitcoin threatened by quantum computing By Olivier Acuna | Edited by Stephen Alpher 21 hours ago As quantum computing inches closer to reality, nearly 7 million bitcoin, including Satoshi Nakamoto’s 1 million coins, are potentially at risk. What to know : Quantum computers powerful enough to break Bitcoin's cryptography could expose roughly 7 million coins, including about 1 million attributed to Satoshi Nakamoto, worth an estimated $440 billion at current prices. The Bitcoin community is split between preserving strict neutrality and immutability—letting quantum attackers claim vulnerable coins—and intervening through protocol changes such as burning or migrating at-risk coins to quantum-resistant addresses. While some experts warn that recent research may accelerate the timeline for breaking current encryption, others argue the threat remains distant and can be addressed through engineering upgrades rather than drastic governance changes. Read full story Latest Crypto News Mexican billionaire Ricardo Salinas remains bullish on bitcoin after plunge 1 minute ago Strategy logs 100th bitcoin purchase announcement, adding 592 coins last week for $39.8 million 16 minutes ago Tariff travails resurface, bitcoin holders prepare for declines 1 hour ago Bitcoin stabilizes after overnight crypto rout, bouncing to $66,000 2 hours ago Pre-market trading stabilizes as bitcoin reclaims $66,000, Saylor eyes 100th BTC purchase 2 hours ago Kucoin told to halt new EU business due to compliance staffing shortfalls 3 hours ago Top Stories Bitcoin ETFs bleed $3.8 billion in historic five-week outflow streak 8 hours ago Ethereum founder Vitalik Buterin accelerates ether sales 3 hours ago To freeze or not to freeze: Satoshi and the $440 billion in bitcoin threatened by quantum computing 21 hours ago AI bot's tipping blunder hands $450,000 memecoin pile to X sad story poster 7 hours ago Bitcoin balances on Binance hit highest since November 2024: here's what it means 3 hours ago Bitdeer sold all its bitcoin to fund its move into AI data centers 3 hours ago