The Series B round values the social trading and token discovery platform at $550 million as crypto venture funding remains active in 2026.

The offering from the financial services company will reportedly only include yes-or-no bets on whether the S&P 500 closes above or below a target price.

The lawsuit targets the federal regulator and Chair Michael Selig, alleging that the Commodity Futures Trading Commissioin is treating cryptocurrency “futures” as “swaps,” posing risks to derivatives markets.