Mochatrade raises $5.56M to let Indian users trade perpetual contracts on US stocks

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Mochatrade raised $5.56M and plans to let Indian traders use rupees to trade perpetual contracts linked to US stocks. The platform supports depositing and withdrawing rupees via India’s UPI, covers more than 50 US stocks, and offers up to 50x leverage. Users do not hold the stocks or receive dividends. A public launch is expected in the coming weeks.