Estonia-based cryptocurrency startup 3Commas.io raises $3M in Series A funding to help crypto traders maximize profits and limit losses across multiple crypto exchanges
3Commas.io, a Tallinn, Estonia-based cryptocurrency startup and a provider of a crypto-asset management platform that offers a unified access point and interface with the 23 of the world’s top crypto exchanges, today announced it has closed $3M in a Series A financing led by Alameda Research.
The Series A financing builds on an exceptional year for 3Commas which saw rapid growth and the launch of unique industry-leading trading solutions. 3Commas will use the fresh capital infusion to drive further international expansion and accelerate the execution of an ambitious roadmap that includes innovative new products, integration with DeFi, and newer asset classes.
3Commas was founded in 2017 by Yuriy Sorokin, Egor Razumovskii, and Mikhail Goryunov to address major pain points in trading crypto across multiple exchanges. 3Commas is a complete crypto-asset management platform offering a unified access point and interface with the worlds’ major crypto exchanges. 3Commas 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. By simply connecting their exchange API to 3commas, users can instantly access a unified dashboard serving as the central hub for trading and portfolio management execution
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 $12B in annual aggregate trading volumes. 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 DCA and Grid Bots and are first to market with derivatives specific Bots. Additionally, 3Commas has built a marketplace for trading signals and full integration with TradingView technical indicators.
“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. This round validates our strategy and lays the groundwork for further expansion, innovation, and global reach,” 3Commas’ Founder and CEO Yuriy Sorokin said.
Since its inception, 3Commas has become the 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. Whether you are a novice or experienced trader, 3Commas offers a complete suite of manual or fully automated bots and trading strategies as well as risk and portfolio management solutions, all underpinned by a vast, low-latency cloud infrastructure.
“We welcome 3Commas to our growing portfolio of strategic investments,” says Sam Bankman-Fried, Founder and CEO of Alameda Research and FTX Exchange. “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.”