THE DAILY ENCRYPT

October 3, 2022

Autonomous Crypto Trading Bot Firm 3Commas Raises $37 Million

3Commas, a crypto-automated trading platform, raised $37M in a Series A funding round....
Photo by Ant Rozetsky

3Commas, a crypto-automated trading platform, raised $37M in a Series A funding round.

The round was led by Alameda Research, Jump Capital, Target Global and Dmitry Tokarev, CEO and founder of the institutional-focused crypto firm Copper.

The \$37 million was used to create DeCommas, a subsidiary that focuses on automating decentralized finance (DeFi), protocols.

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In a press release, Yuriy Sorokin (founder and CEO of 3Commas) stated that they are “excited to continue to build technology which democratizes access the transformal benefits of cryptocurrency by relentlessly advancing their technology and offering a suite developer tools to make 3Commas a destination for investment app innovation.

3Commas raised $3 million with support from Alameda in 2020. This was previously reported by The Block.

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Elena Argyros

Elena Argyros

Elena is cryptocurrency writer / journalist based in Europe. She has extensive knowledge in the crypto space and is a solidity programmer by trade. Elena has built an extensive resume working with some of the most ground breaking blockchain firms. Being in Europe, Elena has amassed a large network of professionals in the space and states "The technology behind blockchain is going to impact everyone on earth in a good way, once you get to understand it".
Elena Argyros

Elena Argyros

Elena is cryptocurrency writer / journalist based in Europe. She has extensive knowledge in the crypto space and is a solidity programmer by trade. Elena has built an extensive resume working with some of the most ground breaking blockchain firms. Being in Europe, Elena has amassed a large network of professionals in the space and states "The technology behind blockchain is going to impact everyone on earth in a good way, once you get to understand it".

© 2022 The Daily Encrypt. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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