AlgoTrader seals 10th client deal

AlgoTrader offers a platform that streamlines digital assets trading. By orchestrating the entire digital asset trade lifecycle with its modular approach, AlgoTrader’s strategic value proposition benefits buy-side clients and meets the demands of banks and prime brokerage firms – making its technology stand out from pure OEMS providers and competitors.

The company’s clientele comprises major Asian state-owned banks, crypto-native organizations, and European private and specialized banks such as the Swiss transaction bank InCore. The addition of a French family office marks the tenth customer worldwide to join Algotrader. Moreover, the newly concluded deal with another banking client and the dynamic growth course show the particular competitive strength of the AlgoTrader platform.

Amid pandemic and crypto market challenges last year, AlgoTrader built up strong traction with its modular digital asset trading and orchestration platform and now continues its rapid growth. With the closing of its Pre-Series B financing round in February, AlgoTrader has raised more than $12 million in total funding.

 “Our recent success proves that we are on the right track”, said AlgoTrader CEO Andy Flury. “As our competitors only focus on the buy-side, our strategic focus on both buy-side and sell-side clients pays off. This is a clear sign to the market and to our investors.”

Based on this competitive edge and industry-leading expertise in banking projects, AlgoTrader has increased its headcount on a global scale and is already working towards its Series B financing round. This will be the next significant milestone for the company.

Rapid growth led to a refined strategy
“To continue on this path to success and to be well positioned for the future, we refined our vision, mission and guiding principles at the beginning of 2022. For us it is vital to focus even more on customer-centricity and client experience as we strive to become the leading trading technology provider for both buy-side and sell-side clients worldwide”, Flury explained.

(Press release)