Terrace

Terrace is an all-in-one crypto trading terminal and portfolio management platform that aggregates liquidity from 60 or more centralized exchanges, decentralized exchanges, market makers, and OTC desks into a single account and interface. Founded in 2021 and backed by Y Combinator and Hack VC, Terrace launched early access for waitlist users in August 2025 following a $4.7 million seed round the previous year. Its core proposition is eliminating the friction of trading across fragmented venues — managing multiple wallets, bridges, and accounts — by unifying execution through a single login.

How It Works

At the center of Terrace's architecture is a proprietary routing engine called Pathfinder. When a user submits a trade, Pathfinder scans billions of possible routes across connected venues — CEXs, DEXs, market makers, and OTC desks — and constructs the optimal combination of paths to execute with the least slippage at the best net price. Crucially, the routing engine combines on-chain and off-chain liquidity in a single trade, meaning a swap can move through a Solana DEX pool and a centralized order book simultaneously.

A synthetic pairs engine extends this further: Terrace can construct trades between any two tokens that do not share a native trading pair on any single venue. It routes through intermediate assets, turning multi-step manual operations on separate platforms into a single atomic execution.

The platform decouples execution from settlement, handling fund movements in the background. This gives users a unified available-to-trade balance — the CeDeFi balance — that reflects both settled positions and in-flight transactions across all connected venues.

Supported Networks and Venues

Terrace covers 13 blockchain networks: on the EVM side, Ethereum, Arbitrum, Optimism, Polygon, Base, BNB Chain, Avalanche, and Blast; plus Solana, Bitcoin, Litecoin, and Dogecoin. Centralized exchange integrations include Binance, Bybit, OKX, Gate, and MEXC. Decentralized protocols include Uniswap, Raydium, Jupiter, and Pump.fun. Institutional liquidity providers such as B2C2 also feed into the aggregated order book. Across these sources, Terrace claims access to over 2 million tokens.

On Solana specifically, Terrace integrates with Raydium, Jupiter, and Pump.fun, meaning SPL tokens — including memecoins launched on Pump.fun — are tradeable from the same account used for Binance or Ethereum DeFi positions.

Order Types and Execution

Beyond simple market orders, Terrace supports limit orders, Time-Weighted Average Price (TWAP) orders for spreading execution over a defined window, and iceberg orders that conceal true order size. Advanced execution settings include jitter (randomized timing) and discretion parameters for minimizing market impact. Perpetual futures are available at up to 40x leverage on supported instruments, though these are unavailable to users in the United States.

Gas costs for on-chain transactions are bundled automatically into each trade, so users do not need to manage gas balances separately across multiple chains.

Account Tiers and KYC

Terrace offers two access paths. A DeFi-only mode requires no identity verification and provides access to on-chain DEX venues exclusively. The full platform mode unlocks centralized exchange integrations and the complete feature set but requires KYC: full name, date of birth, Social Security Number for US users, address, and a government-issued photo ID. Average verification time is approximately two minutes. Multi-factor authentication is available via authenticator apps and email codes. Geographic restrictions apply: the platform is unavailable to users in the European Union, Brazil, Australia, Singapore, New Zealand, Russia, Cuba, Iran, North Korea, Syria, and other sanctioned regions.

Portfolio Management

Terrace aggregates positions across all connected wallets and exchange accounts into a single dashboard. Portfolio balances refresh every 60 seconds or immediately on trading activity. The platform includes a built-in news feed alongside holdings data, transaction history, and reporting tools. Settlement tracking spans 12 blockchains and five major centralized exchanges. Features on the active roadmap include tax reporting exports, a programmatic trading API, and a mobile application.

Fees

There are no deposit fees for cryptocurrency. Withdrawal fees consist of on-chain gas for crypto withdrawals; fiat wire withdrawals carry a $16 flat fee plus a 0.10% service charge plus gas. Trading fees follow a volume-based tier structure calculated on a rolling 30-day basis, with VIP tiers unlocking reduced fees and early access to new products.

Team and Funding

Terrace was co-founded by Jesse Beller, who serves as CEO. The company is based in San Francisco and completed the Y Combinator S22 cohort. In September 2024, Terrace closed a $4.7 million seed round led by Hack VC, with participation from Y Combinator, Hashkey Capital, Cathexis Ventures, Uncorrelated Ventures, Soma Capital, Mischief, and True Culture Fund. Hack VC partner Roshun Patel described the platform as "the swiss-army knife for token trading, combining both DeFi and centralized exchanges into a single deeply concentrated aggregated liquidity venue."

The platform moved from waitlist to early customer access in August 2025.

Security

Terrace operates a non-custodial architecture: it does not hold user funds in a central vault. On-chain transactions include MEV protection through pre-transaction screening and simulation. Biometric security options are available in the mobile-responsive interface. No third-party smart contract security audits have been publicly disclosed, which is consistent with the platform's positioning as a routing and aggregation layer rather than a deposit-holding smart contract protocol.

Solana Ecosystem Fit

Terrace is not a Solana-only product, but it includes Solana as a first-class chain within its multi-chain aggregation platform. Users who hold positions across Solana DEXs like Raydium or Jupiter and centralized exchanges can manage those positions in a single interface without bridging funds or switching platforms. The platform's support for Pump.fun as a liquidity source is particularly relevant for traders active in Solana's memecoin ecosystem, allowing memecoin trades to be routed and paired alongside positions on major CEXs in the same atomic execution.