Crypto-asset management platform 3Commas.io has completed a $3m Series A funding round, which was led by Alameda Research.
The investment capital will be used to bolster its position in the market and pursue its roadmap goals, including new products, integration with DeFi and new asset classes. Funds will also be used to support its international growth.
This funding comes after a successful year of growth for 3Commas, it claims.
Launched in 2017, the FinTech offers an order management system and crypto-asset management platform that offers a unified access point and interface with 23 crypto exchanges. The automated trade execution and portfolio management tool is supported by various strategies, algorithms and risk management solutions.
Its Smart Trade solution enable users to strategically enter and exit positions based on an expansive set of triggers and conditions.
The company currently boasts 100,000 active traders and $12bn in annual aggregate trading volumes.
3Commas founder and CEO Yuriy Sorokin said, “We are delighted and equally humbled by the confidence placed in our team by our investors. 3Commas was built on our fundamental belief in financial inclusion and affordable access to the best trading and risk management technologies for all. This round validates our strategy and lays the groundwork for further expansion, innovation and global reach.”
Focus for 3Commas in the coming months will be placed on product innovation and expanding its services in Asia and South America.
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