3Commas Secures $37M Series B Funding for Crypto Trading Expansion
3Commas, a leading automated crypto trading bot platform based in Tallinn, Estonia, has secured a significant boost with a $37 million Series B funding round. The company aims to expand its trading network and enhance its suite of tools for users. Founded in 2017 by Yuriy Sorokin, Egor Razumovskii, and Mikhail Goryunov, 3Commas has been committed to making crypto trading more accessible. The company offers a range of manual and fully automated bots, trading strategies, risk management, and portfolio management solutions. With the latest funding, 3Commas plans to grow its trading network and boost developers' access to APIs for creating apps within its ecosystem. The Series B round was led by Target Global, Alameda Research, Jump Crypto, and Dmitry Tokarev, founder and CEO of Copper. Notably, Insight Partners also participated as an investor. Yuriy Sorokin, CEO and founder of 3Commas, expressed confidence in the company's vision, stating that the fundraise is a testament to its potential. 3Commas will use the $37 million funding to develop trade automation and portfolio management tools. The company's mission remains to provide equal opportunities for users to earn profits in the crypto market. With the support of its investors, 3Commas is poised to strengthen its position in the automated crypto trading landscape.
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