Crypto SaaS platform CoinRoutes raises $16 mn in Series B led by Ayon Capital


SaaS based algorithmic trading platform for digital assets, CoinRoutes, has completed a $16mm 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 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.

“Our clients make more money trading ‘net of fees’ by using CoinRoutes. Our algorithms built from the ground up for crypto’s unique market structure, leverage terabytes of market data collected daily. And also, have evolved based on five years of deep learning. We are laser-focused on helping our clients achieve best execution. Hence, the result is they capture significantly more alpha from their trades.”

Dave Weisberger, CEO and Co-Founder of CoinRoutes

Founded in 2017, CoinRoutes today consolidates Market Data and offers Algorithmic Trading for over a thousand spot and derivative instruments. Therefore, from over 50 major exchanges and liquidity providers 24/7, according to a statement from the company.

“If you want high-performing algorithms, you can forget using a TradFi multi-asset system that retrofits for crypto. Significantly, our algorithms are purpose-built for the unique intricacies of the crypto ecosystem.”

Ian Weisberger, CTO and Co-Founder of CoinRoutes,

“They identified the early need for institutional crypto trading software five years ago and continue to execute today. Moreover, we are excited to work with the CoinRoutes team on products and services that provide synergies with our other investments in the digital arena.”

Rahul Pagidipati,CIOof Ayon Capital

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