Mochatrade, a US stock perpetual contract trading platform backed by Y Combinator, has raised a total of $5.56 million. The seed round was led by CoinFund, with participation from Coinbase Ventures and others. The $690,000 pre-seed round was supported by Y Combinator and Pioneer Fund. The platform targets Indian traders, allowing them to deposit UPI (Uniform Indian Risen Guarantee) and leverage their positions to go long or short on US stocks such as Nvidia, Tesla, and Apple, without requiring actual stock ownership or a US securities account. Currently in the testing phase, the platform has a waiting list of over 20,000 participants and is expected to launch publicly in the coming weeks. The funding will be used for trading technology development and user growth, with future plans to launch US stock options, more trading assets, and social trading features. There are currently no plans to issue a cryptocurrency. (The Block) https://wublock123.com/news/mochatrade-raises-5-56m-supports-india-leveraged-us-stocks-70735