AlgoTrader obtains $4.5 million in Pre-Series B funding round

<img width="250" height="151" src="https://www.leaprate.com/wp-content/uploads/2022/02/AlgoTrader-funding-250×151.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="" style="float: left; margin-right: 5px;" link_thumbnail="" loading="lazy" srcset="https://www.leaprate.com/wp-content/uploads/2022/02/AlgoTrader-funding-250×151.jpg 250w, https://www.leaprate.com/wp-content/uploads/2022/02/AlgoTrader-funding-700×422.jpg 700w, https://www.leaprate.com/wp-content/uploads/2022/02/AlgoTrader-funding-768×463.jpg 768w, https://www.leaprate.com/wp-content/uploads/2022/02/AlgoTrader-funding-120×72.jpg 120w, https://www.leaprate.com/wp-content/uploads/2022/02/AlgoTrader-funding-245×148.jpg 245w, https://www.leaprate.com/wp-content/uploads/2022/02/AlgoTrader-funding-500×301.jpg 500w, https://www.leaprate.com/wp-content/uploads/2022/02/AlgoTrader-funding.jpg 880w" sizes="(max-width: 250px) 100vw, 250px" /><h2>2021 – a year of growth</h2>
<p>According to AlgoTrader, 2021 was a year of record growth for it, driven by growth of crypto funds and the exposure of leading banks to the digital asset ecosystem. The company is expecting a surge in demand for its products.</p>
<p>Andy Flury, CEO of AlgoTrader, commented:</p>
<blockquote><p>As we pursue our strategic focus on institutional digital asset trading, gaining support from leaders in the industry is invaluable. This round of investment goes beyond dollars as we are able to draw on the expertise, infrastructure, and networks of our new investors to accelerate our growth and work towards the upcoming Series B funding.</p></blockquote>
<p>Representative Director, President &amp; Chairman of SBI Investment, Yoshitaka Kitao, said:</p>
<blockquote><p>SBI strongly believes in the potential of blockchain technology and the crypto economy – especially for financial institutions. AlgoTrader’s focus on sell-side digital asset trading solutions is a perfect fit with our investment strategy and is well supported by its impressive track record and client acquisition.</p></blockquote>
<p>Fenbushi Capital’s Partner Rin Huang, added:</p>
<blockquote><p>We are excited to support AlgoTrader’s vision and to help them onboard the next wave of institutional traders into the digital asset ecosystem.</p></blockquote>
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