Alameda-Backed Investment Platform Stacked Acquires Automated Trading Service
Terms of the deal were not disclosed.
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Launched in April 2020, Stacked is a web-based app allowing users to access trading strategies via pre-built stacks. Alameda Research, a cryptocurrency trading firm founded by crypto billionaire Sam Bankman-Fried, has led a $35 million investment in the automated crypto trading app Stacked.On Dec. 9, the startup officially announced the successful completion of a Series A funding round co-led by Alameda and Mirana Ventures, a venture partner of Bybit exchange and BitDAO.The new funding will reportedly help Stacked grow its 40-person team to over 100 employees in 2022 and continue scaling....
On Thursday, the Palo Alto-based automated investment service firm, Wealthfront Inc., announced that customers can now get exposure to crypto assets via the company’s platform. The firm revealed that clients can choose from two Grayscale investment trusts, as the company now offers investments in the Grayscale Ethereum Trust (ETHE) and the Grayscale Bitcoin Trust (GBTC). Wealthfront Connects Customers to Two Grayscale Trusts This week Wealthfront has added two Grayscale crypto trusts to the firm’s menu of investments. Wealthfront is an automated investment operation sometimes....
Sam Bankman-Fried’s Alameda Research has invested $3 million in trading platform 3Commas.
PRESS RELEASE. Coinrule – a hyper-growth, automated trading platform based out of London, UK – is poised for explosive growth in the months ahead, after announcing that its recent investment round on Seedrs secured over 200% of its target, raising $700k, at a valuation of $6m. This funding will allow Coinrule to grow the team, expand into the fast-growing market of tokenised stock trading, and deliver a ‘market leading backtesting tool’, all aimed at furthering their mission of democratizing access to finance. 2020 has been an extraordinary year in crypto, with a....
Alameda's investment arm, FTX Ventures, and crypto exchange FTX will reportedly continue to operate independently from each other. Sam Bankman-Fried’s cryptocurrency exchange FTX’s investment arm has reportedly absorbed the venture capital operations of Alameda Research in response to the ongoing crypto bear market.According to a Thursday Bloomberg report, Alameda's Caroline Ellison said in an interview that the merger had happened prior to former co-CEO Sam Trabucco announcing his resignation on Wednesday, leaving Ellison as the firm’s sole CEO. The investment arm of the crypto exchange,....