The largest automated crypto trading bot and investment startup, 3Commas has secured $37 million in a Series B funding round.
The funding round was jointly led by Alameda Research, Jump Crypto, and Target Global. Dmitry Tokarev, the CEO, and founder of the institutional-focused crypto firm Copper also participated in the 3Commas Series B funding round.
Importantly, the fund will be used to accelerate the bot technology offering, as well as expand the 3Commas trading ecosystem.
Similarly, the fund will be used to boost the 3Commas ecosystem by strengthening developers’ Application Programming Interfaces (APIs) tools that are used for the manufacture and design of apps. In a bid to automate access to Decentralized Finance (DeFi) protocol, the fund will be utilized in creating a research and development team that will come up with a subsidiary firm tagged DeCommas.
As per a published statement, Yuriy Sorokin CEO and Co-founder of the investment platform said;
“3Commas was created with the goal to help people achieve financial freedom by expanding access to complex, crypto trading strategies through powerful trading bots. Through this fundraise, our investors have shown overwhelming confidence that we are executing this vision.”
He continued “We are excited to continue to build technology that democratizes access to the transformational benefits of crypto by relentlessly advancing our technology and offering a suite of developer tools to make 3Commas the destination for investment app innovation.”
3Commas Upscales Automated Strategies With Series B Capital
3Commas started as a digital asset investment ecosystem that provides both manual and automated trading strategies to users.
At present, the firm’s offerings are advanced trading tools and automated strategies. These automated strategies are managed by trading bots, the technology utilized by 3Commas to ensure that users are constantly earning profits no matter the market conditions.
One benefit of the 3Commas bot technology and its ecosystem is that it provides a backlog of previous strategies that have been applied. Users who intend to replicate these strategies with historical profitable performance are granted access to the company’s portfolio.
Meanwhile, blockchain analytic firm Messari announce during its Mainnet 2022 Summit that it has closed a Series B funding round where it secured $35 million.