FWX
FWX is a Thailand-based decentralized derivative exchange that enables permissionless leverage swaps (long and short positions) on newly launched and low-cap cryptocurrency tokens, serving individual crypto traders and DeFi users via a self-serve dApp.
- Company typePrivate
- Founded2021
- HeadquartersLat Yao, Thailand
- Headcount11–50
- GTM typeB2C
- OfferingSoftware
FWX firmographics
Firmographics- Name
- FWX
- Legal name
- FWX
- Website
- https://fwx.finance
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- FWX is a Thailand-based decentralized derivative exchange that enables permissionless leverage swaps (long and short positions) on newly launched and low-cap cryptocurrency tokens, serving individual crypto traders and DeFi users via a self-serve dApp.
- Ownership category
- akta.pro rank
FWX industry classification
Industry- Product category
- Decentralized Finance (DeFi) Derivatives
- NAICS
- Securities and Commodity Exchanges (52321)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Derivatives, Perpetuals & Options Protocols (FSADAMAC)
- akta.pro secondary industries
- DeFi Insurance & Protection Markets (covers, mutuals, slashing/peg protection) (FSAPAEAK), Liquidity Management & Market-Making Protocols (FSADAMAH)
Keywords
Where FWX is headquartered
LocationHeadquarters
- HQ city
- Lat Yao
- HQ country
- Thailand
- HQ region
- Asia
Offices1 record
Markets served
FWX business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Trading/Transaction Fees: Platform likely generates revenue through trading fees on the decentralized derivative exchange, taking a percentage of each transaction executed through the leverage swap platform
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
FWX product offering
Product offeringCore offering
FWX is a permissionless, decentralized finance (DeFi) platform that provides leverage swap functionality allowing individual users to take long and short positions on low-cap and new gem tokens. The platform's core offering is built on EVM-based blockchain infrastructure and includes the proprietary Automated Position Hedger (APH) protocol that automates hedging of trading positions to reduce risk in DeFi derivative trading.
Differentiator
Problem solved
Functional benefit
Products and services
- FWX Leverage Swap Platform A decentralized finance (DeFi) platform offering permissionless leverage swap functionality that enables individual crypto traders to take long and short positions on low-cap and new gem tokens; accessed via dApp at app.fwx.finance.
- Automated Position Hedger (APH) A proprietary protocol built into the FWX platform that automates hedging of trading positions to reduce user risk in decentralized derivative trading; designed to improve DeFi economics and provide risk management for leverage swap users.
Companies that use FWX
Customer profileSegments1 record
Ideal customer profiles1 record
FWX technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
FWX partnerships and signals
Strategic signalScale indicators2 records
FWX competitors and assessment
Company assessmentDirect peers
- Gains Network: Gains Network operates gTrade, a decentralized leveraged trading platform for crypto and synthetic assets. It competes head-to-head with FWX in the retail-leveraged DeFi segment.
- MUX Protocol: MUX Protocol is a leveraged trading aggregator across multiple DeFi perp DEXs. It overlaps with FWX in serving traders seeking leveraged long/short positions on-chain.
- Drift Protocol: Drift Protocol is a decentralized perpetuals exchange on Solana offering leveraged trading. It competes with FWX for retail DeFi traders seeking low-friction leveraged products.
- Perpetual Protocol: Perpetual Protocol is a decentralized perpetual exchange for leveraged trading. It is a direct peer to FWX, offering comparable long/short functionality on an on-chain, permissionless basis.
- GMX: GMX is a leading decentralized perpetual exchange offering leveraged trading of crypto assets. It is the most direct competitor to FWX in the DeFi derivatives space, sharing the same permissionless, on-chain trading model.
- Mango Markets: Mango Markets is a DeFi derivatives platform offering perpetual futures and spot margin trading on Solana. It is a direct peer to FWX as a permissionless on-chain derivatives venue.
- Hyperliquid: Hyperliquid is a high-performance decentralized perpetuals exchange with deep liquidity and an order book model. It directly competes with FWX for on-chain derivatives traders seeking leveraged exposure.
- Kwenta: Kwenta is a decentralized derivatives exchange built on Synthetix for perpetual futures and synthetic assets. It is comparable to FWX in offering permissionless leveraged crypto trading on-chain.
- dYdX: dYdX is a decentralized derivatives exchange offering perpetual contracts and margin trading. It is a top-tier direct competitor to FWX, operating a comparable long/short leveraged product on-chain.
Emerging players
- Lyra Finance: Lyra Finance is a decentralized options protocol for on-chain derivatives. It is comparable to FWX as a DeFi-native derivatives venue, though it focuses on options rather than perps or leverage swaps.
Market position
Customer concentration
FWX social profiles
Digital presenceFWX financial estimates
Financial estimateRevenue estimate
Valuation estimate
FWX leadership team
Management profileNumber of profiles
Profiles2 records
FWX funding detail
Funding detailFunding overview
Funding rounds5 records
Investors11 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FWX M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FWX
What does FWX do?
FWX is a permissionless, decentralized finance (DeFi) platform that provides leverage swap functionality allowing individual users to take long and short positions on low-cap and new gem tokens. The platform's core offering is built on EVM-based blockchain infrastructure and includes the proprietary Automated Position Hedger (APH) protocol that automates hedging of trading positions to reduce risk in DeFi derivative trading.
Is FWX a public or private company?
FWX is a private company. It is classified as venture growth investor backed and is currently operating.
When was FWX founded?
FWX was founded in 2021. It employs 11 to 50 people.
Where is FWX based?
FWX is headquartered in Lat Yao, Thailand, in the Asia region.
How does FWX make money?
One revenue line is on record: trading/Transaction Fees.
Who are FWX's main competitors?
Direct peers on record are Gains Network, MUX Protocol, Drift Protocol, Perpetual Protocol, GMX, Mango Markets, Hyperliquid, Kwenta and dYdX. Lyra Finance is listed as an emerging player.
Does FWX have an API?
No public API is recorded for FWX.
What industry is FWX in?
FWX's product category is Decentralized Finance (DeFi) Derivatives. Its primary akta.pro industry code is FSADAMAC, Derivatives, Perpetuals & Options Protocols, with a secondary code of FSAPAEAK, DeFi Insurance & Protection Markets (covers, mutuals, slashing/peg protection). Its NAICS code is 52321 and its SIC code is 6200.