CoinRoutes, a Miami, Florida-based leading algorithmic trading platform for digital assets, has completed a $16 million in Series B funding round led by Ayon Capital to bring the market-leading algorithmic crypto trading platform to institutional investors.
The funding round includes investments from Susquehanna International, Cboe Global Markets, Celsius, CMT Digital, Genesis Global Trading, Galaxy Digital, Arca, Mirana Ventures (venture partner of Bybit and BitDAO), GSR Markets, AscendEX, and others.
The CIO for Ayon Capital, Rahul Pagidipati, Co-CEO of Zebpay and Board Member for Brave Browser, will join the CoinRoutes Board.
Company: CoinRoutes Inc.
Raised: $16.0M
Round: Series B
Funding Month: March 2022
Lead Investors: Ayon Capital
Additional Investors: Susquehanna International, Cboe Global Markets, Celsius, CMT Digital, Genesis Global Trading, Galaxy Digital, Arca, Mirana Ventures, GSR Markets, and AscendEX,
Company Website: https://coinroutes.com/
Software Category: Algorithmic Crypto Trading Platform
About the Company: CoinRoutes was founded in 2017, and has been providing the institutional community with pure-play crypto SaaS trading technology for over five years. It was built from the ground up to handle the unique market structure of crypto-assets as a leading provider of algorithmic trading strategies and execution management systems. Today, the company consolidates Market Data and offers Algorithmic Trading for over a thousand spot and derivative instruments from over 50 major exchanges and liquidity providers 24/7. The patent-pending distributed architecture allows clients to keep control over their wallets and keys. Clients use CoinRoutes because they make more money trading crypto.
Source: https://www.globenewswire.com/news-release/2022/03/18/2406155/0/en/CoinRoutes-Raises-16-Million-Series-B-to-Bring-Market-Leading-Algorithmic-Crypto-Trading-Platform-to-Institutional-Investors.html