Mango Markets
| Primary URL | Location | Industry | mangomarkets[.]com |
Country
United States of America
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Financial Services
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Profile
Mango Markets is a protocol based in the United States of America. The protocol provides perpetual futures contracts for trading. Its native token is denoted as MNGO. The protocol operates within the decentralized finance sector. It serves markets participants seeking leveraged exposure to digital assets.
No explicit information regarding the organization's size, user base, or geographic reach is provided in the sources. Likewise, details about ownership structure, parent companies, or subsidiaries are not disclosed. The available material does not specify revenue figures, employee counts, or market share. Consequently, any description of scale must be omitted rather than guessed. The only contextual fact given is the headquarters location in the United States.
On October 11, 2022, the Mango Markets protocol experienced an incident where two accounts funded with USDC took an outsized position in its MNGO perpetual futures contract. This action triggered extreme volatility, causing the MNGO/USD price on multiple exchanges to surge by five to ten times within minutes. The event disrupted normal market operations and highlighted vulnerabilities in the protocol's risk management systems under concentrated trading pressure. A separate incident is recorded for July 11, 2022, though no further details are supplied in the referenced source. These episodes constitute the known security and operational events associated with Mango Markets in the provided information.