In a groundbreaking move, 3Commas, headquartered in Tallinn, Estonia, has successfully raised $37 million in Series B funding, signaling a new era in automated crypto trading bot investment platforms.
Powerhouse Investment Backing
This substantial funding round, spearheaded by Target Global, Alameda Research, Jump Crypto, and Dmitry Tokarev, highlights the confidence and support from major players in the investment realm. This strategic backing underscores the potential and credibility that 3Commas brings to the ever-evolving landscape of cryptocurrency trading.
Unleashing the Power of Machine Learning and AI
With a clear vision for the future, 3Commas plans to leverage the funds to propel its machine learning and artificial intelligence trading bots to greater heights. The infusion of capital will not only facilitate the enhancement of the existing trading ecosystem but will also provide developers with improved access to Application Programming Interfaces (APIs). This, in turn, will empower developers to create innovative apps tailored for traders within the 3Commas ecosystem.
Expanding Horizons: DeCommas Emerges
One of the notable outcomes of this funding is the creation of DeCommas, a subsidiary recently launched by 3Commas. This offshoot is dedicated to simplifying user access to trade automation within the decentralized finance (DeFi) realm. The funds will be instrumental in establishing a robust research and development team for DeCommas, ensuring its seamless integration into the crypto trading landscape.
The Visionaries Behind 3Commas
Founded in 2017 by Yuriy Sorokin, Egor Razumovskii, and Mikhail Goryunov, 3Commas has emerged as a trailblazer in the crypto investment ecosystem. The platform caters to both novice and experienced traders, offering a comprehensive suite of manual and automated trading strategies. Underpinning these offerings is a sophisticated, low-latency cloud infrastructure, providing users with advanced tools for risk management and portfolio optimization.
A Proven Track Record
Building on the success of its seed round, where $3 million was secured in November 2020 with the participation of Alameda Research, 3Commas has demonstrated its resilience and adaptability in the dynamic crypto market. The company’s automated strategies, driven by trading bots, have consistently proven effective in helping users navigate and profit from diverse market conditions.
In conclusion, the Series B funding secured by 3Commas marks a pivotal moment in the evolution of crypto trading. The infusion of capital, coupled with the strategic vision of the company, positions 3Commas as a formidable force in the realm of automated crypto trading, with a focus on innovation, accessibility, and sustained profitability.