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Fortune

Leo Schwartz

Exclusive: Female-led Drift raises $25 million to expand Solana exchange and become 'Robinhood of crypto'

Drift Solana United States Crypto Blockchain Capital blockchain Fortune

(Credit: Courtesy of Drift)

As the crypto landscape becomes littered with a growing number of layer-1 and layer-2 blockchains, the prominent DeFi platform Drift is doubling down on Solana, announcing a $25 million Series B funding round led by the prominent crypto venture firm Multicoin Capital.

In an exclusive interview with Fortune, Drift Labs cofounder Cindy Leow said her goal is to build Drift into the "Robinhood of crypto" by building out a suite of financial services tools, including spot and derivatives trading and a prediction market, all on top of Solana.

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