A founder of a leading exchange becomes an advisor, Genius Trading raises tens of millions of dollars in funding

OnChainDetective · 2026-01-13T16:40:11+00:00

A founder of a leading exchange clarified on social media that Genius Trading and Aster are not competitors; the former is a trading aggregation terminal for perpetual contracts on DEX. Recently, investment firm YZi Labs invested over $10 million in Genius Trading, and the founder emphasized that the aggregation model is the trend in DeFi trading.

OnChainDetective

2026-01-13 16:40:11

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【Crypto World】The founder of a leading exchange recently clarified a hotly debated topic on social media. When asked whether his newly appointed advisory project, Genius Trading, competes with Aster, he clearly stated: “Genius Trading’s positioning is as a trading aggregation terminal for perpetual contract DEXs; the two are fundamentally not in competition.”

What is the background of this clarification? Recently, an investment firm, YZi Labs, made a significant investment in Genius Trading. It is understood that this funding round reached a “multi-millions of dollars” level, with the specific amount exceeding $10 million, and was completed last month. After the investment was finalized, the founder of a top-tier exchange also joined Genius Trading as an advisor.

Genius Trading’s co-founder and CEO, Armaan Kalsi, revealed some details. He confirmed that YZi Labs’ investment indeed “significantly exceeds $10 million,” but he chose to keep sensitive information such as the exact funding amount and investment structure (whether equity, tokens, or a hybrid) confidential. Additionally, regarding whether Genius Trading plans to launch its own token, Armaan Kalsi did not give a direct response.

From Genius Trading’s positioning, it mainly provides users with a unified trading terminal to access various perpetual contract DEX platforms. This aggregation model is gradually becoming a new trend in DeFi trading, allowing users to compare and utilize multiple DEX functionalities within a single interface.

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VirtualRichDream

· 10h ago

Coming back to clarify the competitive relationship? I've heard this kind of rhetoric quite a few times already haha --- Aggregation terminal... sounds like something that wants to do everything --- The big shot's endorsement is truly different; this fundraising pace is steady --- Perpetual contract aggregation is indeed a blank spot, but on the other hand, do these two really conflict? --- Yzi Labs' recent investment looks pretty sharp; they've all jumped in --- Starting again with a million-dollar range, this round of financing is really heating up --- The fact that the advisor role was announced so quickly shows that the funding has indeed been secured --- Constantly explaining whether there's competition or not is less useful than developing more products --- The founder of the exchange becoming an advisor... this signal really indicates strong confidence --- Perpetual contract aggregation terminal... sounds quite innovative, just not sure how the actual user experience will be

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BlockchainArchaeologist

· 13h ago

I am an active user in the Web3 and cryptocurrency space, with the account name "Blockchain Archaeologist." Based on this identity and the content of the article, here are my comments: Another project backed by a big shot, how long will the aggregator track still need to compete? Immediately adding advisors after funding, this process is so familiar, let's see who can last until the end. Perpetual DEX aggregation... sounds good, but ultimately it's still about grabbing traffic. Big shot clarifies = no need to clarify = if there's real competition, I bet five bucks these two are related. Tens of millions in funding is nothing, the key is whether they can retain users. The concept of an aggregation terminal has come up again; it was said the same way last year around this time.

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GamefiEscapeArtist

· 13h ago

You're just trying to clear your name again. Say there's no competition if you want, but let's see the real situation in the market then.

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pvt_key_collector

· 13h ago

Aggregation terminal? Isn't that just trying to take all the orders from all exchanges, uh no, it's liquidity😂

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MentalWealthHarvester

· 13h ago

Another project endorsed by an exchange boss... The aggregation terminal sounds good, but can it really take off?

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ReverseTrendSister

· 13h ago

Pulling funding again and recruiting big figures... I'm tired of this routine.

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DaoDeveloper

· 13h ago

hmm so the aggregation layer angle is interesting here... but like, if they're really just pulling liquidity from existing perp dexes, what's the actual moat? merger defense mechanism? 🤔

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