Popular crypto asset management app 3Commas announced its successful raise of $3 million in a Series A financing round led by Alameda Research, as per a release shared with CryptoSlate.What is 3Commas?
3Commas is a non-custodial Order Management System (OMS) and crypto-asset management platform that offers a unified access point and interfaces with the 23 of the worlds’ top crypto exchanges.
It provides fully automated trade execution and portfolio management supported by continuously evolving strategies, algorithms, and risk management solutions allowing everyone from the most advanced of traders to those just starting to learn, share, and profit.
Since its launch in 2017, 3Commas has grown and developed its product extensively from listening to and implementing user feedback. The platform currently sees 100k active traders and $12 billion in annual aggregate trading volumes.$3 million deployed
In addition to its advanced “Smart Trade” options, which enable users to strategically enter and exit positions based on an expansive set of triggers & conditions, in the last year the company has also launched numerous dollar cost average (DCA) and Grid Bots and are first to market with derivatives specific bots.
Furthermore, 3Commas has also built a marketplace for trading signals and full integration with TradingView technical indicators.
Yuriy Sorokin, the founder and CEO of 3Commas, said in a statement:“We are delighted and equally humbled by the confidence placed in our team by our investors. 3Commas was built on our fundamental belief in financial inclusion and affordable access to the best trading and risk management technologies for all.”
He added the round validated the company’s strategy and laid the groundwork for further “expansion, innovation, and global reach.”Support for the growing DeFi market
The new investment round will enable 3Commas to expand on its leading position as an aut...