Hong Kong-based TurboFlow has officially launched its trading platform for prediction markets and perpetual futures, specifically targeting the Asia-Pacific region. The company secured $6 million in seed funding led by Pantera Capital, with participation from Susquehanna Crypto and Digital Currency Group. According to reports from ChainCatcher citing The Block, the fundraising process began earlier this year and concluded in March. The financing was structured as a simple agreement for future equity, or SAFE, with token warrants, though the company declined to disclose its valuation. Paul Veradittakit, Managing Partner at Pantera, emphasized the strategic alignment, stating that "Financial markets work best when participation is broad and access is equitable." He noted that TurboFlow's vision of making institutional-grade trading infrastructure available to anyone, anywhere aligns with their belief that blockchain technology can create more transparent and inclusive markets.
The platform offers two main products: prediction markets and perpetual futures, conveniently available under a single trading interface. As reported by TurboFlow, the platform is built on a custom Layer-1 blockchain and features ultra-high leverage of up to 1,000x on perpetual futures, significantly higher than the 100x to 125x offered by most centralized exchanges. The platform also promotes a zero-fee trading model, which could serve as a valuable differentiator in a market that has seen fee compression become crucial. Additionally, TurboFlow plans to enhance liquidity through an oracle-based Automated Market Maker, utilizing external price feeds to ensure constant liquidity rather than relying solely on traditional order books. The platform operates with fast settlement, low entry thresholds starting at $2, and maintains transparency and self-custody while attracting more than 15,000 registered users and processing over $19 billion in trading volume since launch.
The launch comes amid significant growth in cryptocurrency derivatives trading, with perpetual futures trading volumes skyrocketing to over $86 trillion in 2025, reflecting growing interest in this product category that was virtually nonexistent a decade ago. According to TurboFlow, crypto perpetual futures volume rose from $4.14 trillion to $7.24 trillion year over year by January 2026, while prediction market volume reached $64 billion in 2025, nearly four times the previous year's level. Analysts project annual prediction market volume could exceed $325 billion in 2026 and surpass $1.1 trillion by 2030. Notably, platforms such as Polymarket and Kalshi have limited presence in Asia, highlighting a gap that TurboFlow is eager to fill. The company aims to establish itself as a regional competitor to established Western platforms while addressing Asian traders' requirements for infrastructure tailored to specific regulatory environments and trading preferences.
Founder Tony He, a former co-founder and partner at Amber Group, said TurboFlow aims to become the 'Kalshi of APAC' by serving users across the Asia-Pacific region through localization and regional presence. As reported by TurboFlow, He noted that while platforms like Kalshi and Polymarket have expanded prediction market adoption in Western markets, Asia remains underserved despite growing demand. He emphasized that "For too long, the best trading opportunities and infrastructure have been reserved for institutions." The company is actively building a compliant framework across Asia-Pacific markets, with He noting that prediction market regulations differ significantly between jurisdictions and remain under development. The collaboration with SIG Crypto, an arm of Susquehanna International Group specializing in digital assets, highlights TurboFlow's commitment to establishing credibility and meeting essential benchmarks in terms of technology and regulatory compliance.
The investment reflects broader institutional interest in prediction markets, with Kalshi recently reporting an annualized revenue run rate above $2 billion and raising $1 billion in Series F funding at a $22 billion valuation. According to TurboFlow, the company plans to use the capital to enhance its trading infrastructure, deepen liquidity, and support global growth. The platform combines derivatives and prediction markets in a single venue with the goal of creating a more transparent, accessible, and user-friendly trading experience for a global audience. However, competing against well-funded players in this space will be a significant challenge, as the ultra-high leverage of up to 1,000x sparks concerns regarding consumer protection among regulators, while the zero-fee model introduces questions about long-term sustainability. The company believes the convergence of perpetual contracts and prediction markets will create a larger market for on-chain trading and position the platform to serve the next generation of global traders.
