3Commas.io is thrilled to announce its successful raise of $3M in a Series A financing round led by Alameda Research. 3Commas is a leading non-custodial, Order Management System (OMS) and crypto-asset management platform that offers a unified access point and interface with the 23 of the worlds’ top 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.
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.
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3Commas’ Founder and CEO Yuriy Sorokin says, “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.”
The new investment round will enable 3Commas 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.
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“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.”
For 3Commas, the upcoming focus will be on product innovation and expansion through localized services in Asia and South America. The team is testing FX and Equity markets with the ultimate goal of becoming the “Swiss Army Knife of self-sovereign asset management,” in which any trader should always be equipped. Cryptocurrency markets have been widely referred to as volatile and high-risk. As more people join the cryptocurrency movement, platforms like 3Commas will become status quo for passive investing and earning, enabling users to trade assets in their portfolio without the stress of micromanagement and unexpected losses.
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