Cascade
(Inactive)Hybrid broker for 24/7 perps on crypto, stocks, and private assets
About Cascade
Cascade, a crypto brokerage offering 24/7 perpetuals on crypto, U.S. stocks, and private assets, completed a $15M seed round led by Polychain and Coinbase Ventures in December 2025, followed by a private beta launch. A key milestone was the CLS treasury attack in July 2026, where approximately $1.3M was drained, prompting a temporary suspension of trading and withdrawals. The team engaged SEAL 911 and other security firms, and later announced full recovery of funds, committing to 100% refunds for affected users based on the value at the time of the incident. This incident highlighted the platform's security response and user protection commitments.
Cascade (cascade.xyz) advanced significantly from Feb to Aug 2026. In April, it launched a private beta for its 24/7 multi-asset perpetual trading platform, testing unified margin across crypto, equities, and synthetic assets. In July, its CLS vault on Arbitrum was exploited for ~$1.34M USDC, but funds were fully recovered and users will be 100% compensated. The platform had secured a $15M seed round led by Polychain and Variant in Dec 2025. Official roadmap focuses on mainnet launch, expanding asset classes, and enhancing risk systems.
Kevin Britz (Co-Founder & CEO): Previously served as Advisor for DeFi at Coinbase, Engineering Manager for DeFi at Coinbase, and Software Engineer at Coinbase. Earlier, he co-founded Astro Wallet (acquired by Coinbase) and worked as a Software Engineer at Airbnb and ChangeTip. He studied Mathematics, Statistics, and Computer Science at UC Berkeley.
Arjun Rao (Core Contributor): Previously worked as Staff Software Engineer at Coinbase, focusing on smart contracts and backend services for crypto applications and DeFi. He also co-founded Astro Wallet and held engineering roles at Airbnb and Sift Science. He earned a Bachelor's degree in Computer Science from UC Berkeley.