CoinRoutes raises USD16m in Series B to bring algorithmic crypto trading platform to institutional investors
CoinRoutes, an algorithmic trading platform for digital assets, has completed a USD16 million Series B funding round, led by Ayon Capital.
The CIO for Ayon Capital, Rahul Pagidipati, Co-CEO of Zebpay and Board Member for Brave Browser, will join the CoinRoutes Board.
The funding round includes investments 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.
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.