TALLINN, ESTONIA–(BUSINESS WIRE)–In the subheading and first paragraph, first sentence of the September 22, 2022 publication, replace the company name “Jump Capital” with “Jump Crypto”.
The updated version is:
LARGEST CRYPTO TRADING BOT AND INVESTMENT PLATFORM 3COMMAS RAISES $37 MILLION IN SERIES B FUNDING ROUND
Round led by Target Global with other investors Alameda Research, Jump Crypto
The funding will be used to improve the trading bots ecosystem and develop new automated DeFi trading tools
3Commas, an automated crypto trading bot investment platform, has raised $37 million in a Series B funding round led by leading crypto and fintech investors Target Global, Alameda Research, Jump Crypto and Dmitry Tokarev, founder and CEO of Copper. 3Commas currently offers advanced trading tools and automated strategies managed by trading bots that are proven to help users make profits in all market conditions.
The increase allows 3Commas to further develop its ecosystem of industry-leading technologies for automating digital asset trading and portfolio management. Users are currently benefiting from 3Commas’ trading bots and ecosystem by having access to the historical performance of various strategies and tools to easily replicate through 3Commas’ automated trading capabilities. The capital will be used to further develop its proven machine learning and artificial intelligence trading bots to achieve greater profitability, expand its trading ecosystem and improve developer access to application programming interfaces (APIs) to build apps powered by 3Commas- traders within the ecosystem.
Additionally, 3Commas has leveraged this investment to hire a robust R&D team to create DeCommas, a recently formed subsidiary that offers users easier access to trade automation in Decentralized Finance (DeFi).
“3Commas was founded with the goal of helping people achieve financial freedom by expanding access to complex crypto trading strategies through powerful trading bots. Through this fundraiser, our investors have shown overwhelming confidence in our ability to deliver on this vision,” said Yuriy Sorokin, CEO and Founder of 3Commas. “We look forward to continuing to develop technology that democratizes access to the transformative benefits of crypto by relentlessly advancing our technology and offering a suite of developer tools to make 3Commas the destination for investment app innovation.”
3Commas is a product ecosystem – a complex of diverse interconnected products for retail users, power users, developers and enterprise-level professionals that complement each other by sharing their trading strategies and signals, thereby providing greater value. It democratizes trading for end users and enables them to generate more revenue – each month over 70% of 3Commas users benefit from conducting trades through the platform. All traders have access to the same manual and automated tools, giving everyone an equal opportunity to make profits.
“The leadership and talent that 3Commas has built put them in a very strong position to be the dominant platform to onboard the next 100 million users into crypto through their automated trading and portfolio management capabilities,” said Mike Lobanov, Founder and Partner at Ziel Global. “By creating an ecosystem of tools that work in both CeFi and DeFi, the 3Commas family of products offers the vast majority of crypto users unprecedented access to wealth.”
3Commas raised $3 million in its November 2020 seed round, which also included participation from Alameda Research. This new financing is a strong signal for continued growth despite different market conditions.
3Commas is a crypto investment ecosystem that offers both manual and automated trading strategies. Founded in 2017 by Yuriy Sorokin, Egor Razumovskii and Mikhail Goryunov, the company’s mission is to make crypto trading more accessible to millions of users looking for new avenues to profitability and financial freedom. Whether users are beginner or experienced traders, 3Commas offers a full suite of manual or fully automated bots and trading strategies, as well as risk and portfolio management solutions, all backed by huge, low-latency cloud infrastructure.