IDEX - About the company
IDEX is an acquired company based in San Francisco (United States), founded in 2016 by Alex Wearn and Phil Wearn. It operates as a Decentralized exchange platform for cryptocurrencies. IDEX has raised $2.5M in funding from G1 Ventures and Borderless Capital. The company has 534 active competitors, including 90 funded and 8 that have exited. Its top competitors include companies like Uniswap, 0x and 1inch.
Company Details
IDEX is a decentralized exchange platform for cryptocurrencies. It is built on the Ethereum blockchain and allows users to buy, sell & trade digital assets. Offers tools, APIs, and trading engines for order management, settlement of trades, and developing trading strategies. In 2020, the company recorded annual revenues of $2.4 B and a net profit of $377.8 M
- Website
- idex.io
- Email ID
- *****@idex.io
Key Metrics
Founded Year
2016
Location
San Francisco, United States
Stage
Acquired
Total Funding
$2.5M in 1 round
Latest Funding Round
Investors
Ranked
9th among 534 active competitors
Employee Count
20 as on Aug 31, 2026
Exit Details
Acquired by katana (Mar 23, 2026)
IDEX's acquisition details
IDEX got acquired by katana on Mar 23, 2026.
Click here to take a look at IDEX's acquisition in detail
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IDEX's funding and investors
IDEX has raised a total funding of $2.5M over 1 round. Its latest funding round was a Seed round on Aug 06, 2020 for $*****. 4 investors participated in its latest round. IDEX has 7 institutional investors.
Here is the list of recent funding rounds of IDEX:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 06, 2020 | 6640881 | Seed | 7693237 | 1173265 | 5149332 | 4288414 |
View details of IDEX's funding rounds and investors
IDEX's founders and board of directors
Founder? Claim ProfileThe founders of IDEX are Alex Wearn and Phil Wearn.
Here are the details of IDEX's key team members:
- Alex Wearn: Co-Founder & CEO of IDEX. They are also an angel investor in 1 startup.
- Phil Wearn: Co-Founder of IDEX and founder of 1 other company. Contact Info: 1 email address
View details of IDEX's Founder profiles and Board Members
IDEX's employee count trend
IDEX has 20 employees as of Aug 26. Here is IDEX's employee count trend over the years:
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IDEX's Competitors and alternates
Top competitors of IDEX include Uniswap, 0x and 1inch. Here is the list of Top 10 competitors of IDEX, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Uniswap 2018, New York City (United States), Series B | Provider of a decentralized exchange platform for cryptocurrency | $176M | 79/100 | |
2nd | 0x 2016, San Francisco (United States), Series B | Open protocol for decentralized P2P exchange | $86.9M | 68/100 | |
3rd | 1inch 2019, Tortola (United Kingdom), Series B | Provider of decentralized finance infrastructure for cross chain token swaps | $190M | 67/100 | |
4th | Online cryptocurrency trading platform | - | 66/100 | ||
5th | Kyber Network 2017, British Virgin Islands, Seed | Provider of blockchain-based market makers for cryptocurrencies | - | 64/100 | |
6th | Jupiter 2021, Antigua And Barbuda, Series C | Solana-based decentralized platform offering a swap aggregator service | $35M | 64/100 | |
7th | ShapeShift 2015, London (United Kingdom), Series A | Online trading platform for cryptocurrency | $12.5M | 61/100 | |
8th | Online platform for DEX aggregation of cross-chain bridging, swapping, and messaging | $52M | 58/100 | ||
9th | IDEX 2016, San Francisco (United States), Acquired | Decentralized exchange platform for cryptocurrencies | $2.5M | 57/100 | |
10th | Provider of an online decentralized exchange platform for cryptocurrencies | - | 55/100 |
Looking for more details on IDEX's competitors? Click here to see the top ones
IDEX's Investments and acquisitions
IDEX has made no investments or acquisitions yet.
Reports related to IDEX
Here is the latest report on IDEX's sector:
News related to IDEX
Media has covered IDEX for 1 event in last 1 year.
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IDEX Exchange Launches XCHAIN: The Gas-Free, High-Performance DEX SolutionCoincu Financial Group•Jul 07, 2023•IDEX
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IDEX to Launch v3 Hybrid Liquidity DEX on Polygon, MATIC Price Shoots 15%Coinspeaker•Dec 02, 2021•IDEX
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IDEX’s $500 Million Notes OfferingGlobal Legal Chronicle•Jun 09, 2021•Sidley, IDEX, Davis Polk, J P Morgan and 2 others
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IDEX Launches on Binance Smart Chain to Improve DEX Trading as Volumes SoarBusiness Wire•Feb 02, 2021•IDEX
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