BusinessCloud · Mar 2026
UK coverage of the same seed round, quoting the founders on direct trading, fairer markets, and a commission-only model.
Company research
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Overview
QFEX is a 2025-founded, invite-only trading exchange startup building 24/7 perpetual futures for traditional financial assets (US equities, commodities, and FX), with brokerless direct-to-market access and up to 50x leverage.
Primary product
24/7 perpetual futures exchange for traditional financial assets
Founded
2025
Headquarters
New City, New York, United States
Team size
1-10
Industry
Software Development
Sub-industry
Trading exchange / market infrastructure
Offices
London, United Kingdom
Business model
commission-only trading fees
volume-based fees
exchange / market infrastructure
Funding
People & investors
Work & culture
Public hiring copy describes QFEX as fast-paced, collaborative, and ownership-driven, with high conviction and a strong bias toward moving quickly; the interview loop is also presented as founder-led and fast-moving.
Compensation
YC job posts list backend and research roles at $100k-$150k, with 0.10%-0.25% equity for backend and 0.10%-0.50% equity for research; the roles ask for a STEM degree and 3+ years building HFT systems or exchanges.
Benefits
Lunch allowance
25 days holiday
bank holidays
Product & market
Pricing
Volume-based, commission-only trading fees.
Differentiators
- —24/7 trading on traditional assets
- —perpetual futures on equities, commodities, and FX
- —brokerless direct-to-market access
- —up to 50x leverage
- —100ms speed bump against latency arbitrage
- —microsecond-level CLOB execution
- —native fiat/crypto payment rails
- —invite-only access during early rollout
Technology
Python
Rust
C
Kubernetes
SQL
React
Figma
TradingView
Central Limit Order Book (CLOB)
microsecond-level latency
USDC on Arbitrum
fiat/crypto payment rails
Customers
retail investors
individual traders
institutional traders
banks
hedge funds
family offices
Competitors
traditional exchanges
brokers
CFD platforms
crypto perpetual futures venues
tokenized-equity platforms
Scale & contact
Latest news
fintech.global · Mar 2026
Reports QFEX’s launch and $9.5M seed round led by General Catalyst, with Y Combinator and Paul Graham participating, plus a $95M valuation and 24/7 leveraged trading on traditional assets.
CityAM · Mar 2026
Coverage of QFEX’s launch as a 24/7 trading exchange for traditional assets, emphasizing brokerless access, perpetual futures, and backing from General Catalyst, Y Combinator, and Paul Graham.
KuCoin · Mar 2026
Aggregator coverage reiterating the seed round, investor list, and 24/7 high-leverage trading on U.S. equities, commodities, and FX.
Y Combinator
Official launch post describing QFEX as a direct 24/7 market for traditional assets with volume-based fees, leveraged trading, and perpetual futures.
Jobs and careers at QFEX
0 jobs at QFEX
No open positions
Check back later for new openings