Home Technology FIX and REPLACE Largest Crypto Trading Bot and Investment Platform 3Commas Raises $37M in Series B Funding Round | New

FIX and REPLACE Largest Crypto Trading Bot and Investment Platform 3Commas Raises $37M in Series B Funding Round | New

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FIX and REPLACE Largest Crypto Trading Bot and Investment Platform 3Commas Raises $37M in Series B Funding Round |  New

TALLINN, Estonia–(BUSINESS WIRE)–Sep 23, 2022–

In the subtitle and first paragraph, first sentence of the release dated September 22, 2022, replace the company name “Jump Capital” with “Jump Crypto”.

The updated version reads as follows:

LARGEST CRYPTO TRADING BOT AND INVESTMENT PLATFORM 3COMMAS RAISES $37M IN SERIES B FUNDING ROUND

Round led by Target Global with additional investors Alameda Research, Jump Crypto

The funding will be used to improve the trading bot ecosystem and develop new automated DeFi trading tools

3 commas, an automated crypto trading robot investment platform, raised $37 million in a Series B funding round led by leading crypto and financial technology investors Target Global, Alameda Research, Jump Crypto and Dmitry Tokarev, founder and CEO of Copper. 3Commas currently offers advanced trading tools and automated strategies powered by trading robots that are proven to help users profit in all market conditions.

This increase allows 3Commas to further develop its ecosystem of industry-leading digital asset trading automation and portfolio management technologies. Users currently benefit from 3Commas’ trading robots and ecosystem by having access to historical performance of different strategies and tools to easily replicate them through 3Commas’ automated trading features. The capital will be used to advance its proven machine learning and artificial intelligence trading bots to deliver higher profitability, expand its trading ecosystem, and improve developer access to programming interfaces. applications (APIs) to create applications used by 3Commas merchants within the ecosystem.

Additionally, 3Commas used this investment to hire a strong research and development team to create DeCommas, a recently launched subsidiary that provides users with easier access to trade automation in decentralized finance (DeFi).

“3Commas was created with the goal of helping people achieve financial freedom by expanding access to complex crypto trading strategies through powerful trading robots. Through this fundraising, our investors have shown a overwhelming confidence that we are executing on this vision,” said Yuriy Sorokin, CEO and Founder of 3Commas. “We are excited to continue to develop 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 innovation in investment applications.”

3Commas is a product ecosystem – a complex of various interconnected products for retail users, power users, developers and enterprise-level professionals, which complement each other by sharing their trading strategies and signals and, therefore , offering more value. It democratizes trading for end users and enables them to generate more revenue – every month over 70% of 3Commas users profit from completing trades through the platform. All traders have access to the same set of manual and automated tools, providing an equal opportunity for all to make profits.

“The leadership and talent that 3Commas has put in place has put them in a very strong position to be the dominant platform to bring the next 100 million users into crypto with their automated trading and money management capabilities. portfolio,” said Mike Lobanov, Founder and Partner at Global Target. “By creating an ecosystem of tools that work across both the CeFi and DeFi family of products, 3Commas provides unparalleled access to prosperity for the vast majority of crypto users.”

3Commas raised $3 million in its seed round in November 2020, which Alameda Research also participated in. This new financing is a strong signal of continued growth, despite variable market conditions.

About 3 commas

3Commas is a crypto investment ecosystem that offers manual and automated trading strategies. Founded in 2017 by Yuriy Sorokin, Egor Razumovskii and Mikhail Goryunov, the company’s mission is to make crypto trading more accessible to millions of users seeking new paths to profitability and financial freedom. Whether users are new to or experienced, 3Commas offers a full suite of manual or fully automated trading bots and strategies, as well as risk and portfolio management solutions, all backed by an expansive, low-latency cloud infrastructure.

Show source version on businesswire.com:https://www.businesswire.com/news/home/20220922005579/en/

3commas@wachsman.com

KEYWORD: ESTONIA EUROPE

INDUSTRY KEYWORD: PROFESSIONAL SERVICES DATA MANAGEMENT TECHNOLOGY CRYPTOCURRENCY FINANCIAL SOFTWARE

SOURCE: 3 commas

Copyright BusinessWire 2022.

PUBLISHED: 09/23/2022 6:28 PM / DISK: 09/23/2022 6:28 PM

http://www.businesswire.com/news/home/20220922005579/en

Copyright BusinessWire 2022.

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