The encryption derivatives trading application Euphoria has completed a $7.5 million seed round financing, led by Karatage.

On August 8, The Block reported that Euphoria, a developing crypto derivatives trading application based on MegaETH, has completed a $7.5 million seed round financing, led by Karatage, with Figment Capital and Robot Ventures (both previous co-leads in the seed round) participating. Other participants include Bankless Ventures, First Commit, Hash3, Comfy Capital, and Kosmos Ventures, along with over 100 angel investors. Nathan Worsley, co-founder and CEO of Euphoria, stated that this $7.5 million financing includes $2.5 million from a pre-seed round completed in November 2024, and $5 million from a seed round completed between February and July this year. The financing uses a Simple Agreement for Future Equity (SAFE) and comes with Token warrants, and after the financing, Euphoria's post-money valuation reaches 'eight figures upper limit.' It is reported that Euphoria is developing a mobile application aimed at simplifying crypto derivatives trading (such as Options and Perptual Futures) to make it easier for average users to get started. Worsley mentioned that the idea stemmed from his experience trying to explain derivatives trading to a fren but failing. He realized that most people would not go learn about order books or Margin operations. Therefore, Euphoria is building a 'one-touch trading' interface that allows users to operate through simple steps, bypassing traditional technical complexities. Its goal is to lower the participation threshold by making derivatives trading intuitive and easy to understand.