3Commas.io, the self-described “leading non-custodial trade automation platform in crypto and now services over 100,000 users on all major exchanges with aggregate trading volumes exceeding $12B in 2020,” has raised $3 million in Series A funding, according to a press release from the group.
This round was lead by groups like Alameda Research, and 3Commas will be using the money to “further capitalize on its position as a leader in digital asset trade automation and portfolio management technologies and accelerate the execution of an ambitious roadmap that includes innovative new products, integration with DeFi, and newer asset classes. The Series A financing builds on an exceptional year for 3Commas which saw rapid growth and the launch of unique industry leading trading solutions. The funding will also drive further international expansion,” the release continues.
Sam Bankman-Fried, the Founder and CEO of Alameda Research and FTX Exchange, shares some thoughts on the matter:
“We welcome 3Commas to our growing portfolio of strategic investments. We’re very excited to work closely with the 3Commas team. We are perfectly aligned in our mission to increase crypto adoption and offer an amazing experience utilizing 3Commas technology.”