Algorithmic crypto trading platform 3Commas has completed a $37 million Series B funding round.
According to the press release, the round was led by Target Global, Alameda Research and Jump Crypto, as well as Copper founder and CEO Dmitry Tokarev.
The project will reportedly use the funds to develop the technology of trading bots, expand the ecosystem and access to the API.
In addition, the funds will allow 3Commas to add more analysts and developers to its DeFi-focused subsidiary DeCommas.
Yuriy Sorokin, founder and CEO of 3Commas, has commented on the funding round:
“3Commas was created to help people achieve financial freedom by expanding access to sophisticated crypto trading strategies with powerful trading bots. We are excited to continue building technology that democratizes access to the transformational benefits of cryptocurrencies.”