Drift
Commerce
Bridging digital payments and luxury assets: where crypto efficiency meets automotive excellence.
Founders
David Lu (Co-Founder)
Cindy Leow (Co-Founder)
Chris Heaney (Co-Founder)
Launch Date
2021
Key Investors
Multicoin Capital
Blockchain Capital
Primitive Ventures
Folius Ventures
Maelstrom
and more
About
Drift operates in two distinct areas: as a payment processor offering merchants a simple stablecoin payment solution with no monthly fees and just 0.25% on offramps, and as Drift Capital, an asset management firm specializing in fractional investments in collectible automobiles. Drift Capital's Fund gives investors economic exposure to a curated fleet of world-renowned vehicles, blending automotive passion with investment opportunity through a professionally managed, diversified portfolio of high-value automobiles.
0.25%
transaction fee on offramps
0
monthly fees for merchants
Use Cases
- Leveraged Trading for Retail Investors - Individual traders can use Drift's cross-margined perpetual futures to gain leveraged exposure to crypto markets with minimal capital and efficient collateral management.
- Portfolio Hedging for Crypto Holders - Long-term cryptocurrency holders can utilize Drift to hedge existing positions during market volatility, protecting their portfolios without selling underlying assets.
- Arbitrage Opportunities for Traders - Advanced traders can capitalize on price discrepancies between Drift's on-chain perpetual markets and other exchanges, benefiting from Solana's low fees and fast transactions.
- Liquidity Provision for Passive Income - Crypto holders can provide liquidity to Drift's decentralized exchange, earning passive income through trading fees while maintaining full custody of their assets.
Stablecoin Payment Solutions
- Drift allows shops to accept stablecoins as a form of payment
- The platform offers an easy setup process for integrating stablecoin payments
- Drift charges a transaction fee of 0.25%
- Drift does not charge any monthly fees
- Drift facilitates the use of stablecoins, which are digital representations of dollars and euros
Integration & Accessibility
- Drift offers seamless integration with existing platforms
- Drift is seamlessly integrated with Square
- Stablecoins enable faster transfers
- Stablecoins enable cheaper transfers
- Drift helps unlock new revenue streams
Trusted by
