Hong Kong-based crypto trading tool provider Anboto Labs launched its decentralized trading platform after receiving a $3 million investment from investors such as Kronos Ventures, Cherry Crypto, and Mechanism Capital. The launched trading platform stands out in the crypto trading market with its numerous features.
Company Valuation Rises to $35 Million Post $3 Million Investment
Anboto Labs, a Hong Kong-based crypto trading execution tool provider, launched an institutional-grade decentralized trading platform after securing a $3 million investment from investors such as Kronos Ventures, Cherry Crypto, Mechanism Capital, XBTO, and Matrixport in the third quarter of this year.
Guillaume Forcade, co-founder of Anboto, stated that this new investment came on top of the company’s $1.9 million funding from last year, raising the company’s valuation to $35 million. Forcade expressed, “We have been generating revenue from day one, and we are excited to introduce our trading platform to a broader audience comprised of experienced traders and investors. With the public launch of our platform, Anboto Labs will now scale to support thousands of traders and investors simultaneously.”
Platform Underwent an 18-Month Closed Beta Process
Anboto Labs announced that the newly launched trading platform underwent an 18-month closed beta process, recording a trading volume of $4 billion across 20 cryptocurrency exchanges and Blockchain networks.
The announcement also emphasized the provision of execution algorithms like TWAP, VWAP, and iceberg to ensure optimal pricing and enhanced application. Additionally, the company allows users to register on the trading platform without undergoing a Know Your Customer (KYC) process, use two-factor authentication, and whitelist IP addresses to enhance security.
Anboto Labs plans to expand its trading features, such as decentralized main services, in the next few months with the aim of democratizing access to institutional-grade execution tools for all crypto traders and investors.
