On September 23, 3Commas, the largest automated crypto trading robot platform, announced the completion of a $37 million Series B financing.
This round of financing, led by Target Global, Alameda Research, Jump Capital, and Dmitry Tokarev, the founder and CEO of Copper, will be used to advance the development of 3Commas’ digital asset trading automation and portfolio management technology ecosystem.
Yuriy Sorokin, CEO and founder of 3Commas, expressed his desire to expand access to complex crypto trading strategies with powerful trading bots, help users achieve financial freedom, and provide developer tools to more democratize building cryptography.
Founder and Partner Mike Lobanov said that:
“The leadership and talent 3Commas has put in place has put them in a very strong position to be the dominant platform to onboard the next 100 million users to crypto through their automated trading and portfolio management capabilities.”
In addition, 3Commas used the financing to hire a research and development team to create DeCommas, which aims to provide users with easily accessible opportunities to automate decentralized finance (DeFi) transactions
3commas is a trading terminal and auto trading bot. 3commas was created in 2017. Typical competitors are coinmama, and more.
The trading platform establishes a crypto investment ecosystem that helps users earn profits by offering manual and automated trading strategies in all market conditions.
3Commas completed a $3 million seed round in November 2020 with participation from Alameda Research.
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This article was originally reported on Blockchain News.