Algorithmic Crypto Trading Platform Raises $16M in Series B Funding

Announcements, Investing, News | March 21, 2022 By:

CoinRoutes, an algorithmic trading platform for digital assets, has raised $16 million i a Series B funding round led by Ayon Capital. The round also saw participation from Susquehanna International, Cboe Global Markets, Celsius, CMT Digital, Genesis Global Trading, Galaxy Digital, Arca, Mirana Ventures (venture partner of Bybit and BitDAO), GSR Markets, AscendEX, and others.

Founded in 2017, CoinRoutes provides the institutional community with pure-play crypto SaaS trading technology. The company’s patent-pending distributed architecture allows clients to keep control over their wallets and keys. Clients use CoinRoutes because they make more money trading crypto.

CoinRoutes began operations in 2017 and has been providing the institutional community with pure-play crypto SaaS trading technology for over five years. Delivering the tools – algorithms, market access, TCA and market data – that active and quantitative crypto traders require is made possible because of the management team’s extensive experience building trading and investment platforms.

“Our clients make more money trading, net of fees, by using CoinRoutes. Our algorithms were built from the ground up for crypto’s unique market structure, leverage terabytes of market data collected daily, and have evolved based on five years of deep learning,” said Dave Weisberger, CEO and Co-Founder of CoinRoutes. “We are laser-focused on helping our clients achieve best execution. The result is they capture significantly more alpha from their trades.”

“If you want high-performing algorithms, you can forget using a TradFi multi-asset system that was retrofitted for crypto,” said Ian Weisberger, CTO and Co-Founder. “Our algorithms are purpose-built for the unique intricacies of the crypto ecosystem.”

“If you run market-neutral portfolios or trade spot versus futures to capture spread, you’ll need a very high throughput environment to extract your alpha,” said Michael Holstein, CRO. “We provide everything you need.”