Alameda research raised $35 million for stacked trading app. Stacked will benefit from the new funding by expanding its workforce from 40 to over 100 employees by 2022
Alameda Research raised $35 million for Stacked crypto trading app
Alameda Investigate raised $35 million for the stacked crypto trading app that was launched in April 2020. The app allows users to access trading strategies through pre-built stacks,
Stacked received $35 million from the Alameda Study. Founded by crypto billionaire Sam Bankman-Fried, Stacked will benefit from the new funding by expanding its workforce from 40 to over 100 employees by 2022 and by expanding its cryptocurrency portfolio and auto loan products.
Alameda’s Brian Lee says the firm began investing in Stacked over a year ago and is now confident in the platform’s ability to provide a simple and unique investing experience for retail investors.
What to expect from the crypto trading app
From its inception in April of next year, Stacked will be a web-based application that provides users with access to pre-built stacks of verified trading strategies and portfolios, such as cryptocurrency indexes, hedge funds, and other investment portfolios.
Within the next six months, the platform is expected to be fully mobile. NFT-based stacks are among the most active stacks, according to Stacked data, according to Stacked co-founder and CEO Joel Birch. Birch.
The best way to gain exposure to the NFT market is through a mix of large and small caps. According to Stacked’s Chief Revenue Officer Alan Eschweiler, companies that support the company are critical.
FTX plan to raise $1.5 billion for the global crypto derivatives exchange
FTX and its subsidiary, Bankman Fried Exchange, plan to raise $1.5 billion for the global crypto derivatives exchange.
U.S.-based tech magazine According to The Details, the FTX and fTX / USD valuations of the fundraising will be $ 32 billion and $ 8 billion respectively.
According to recent reports, about six weeks have passed since FTX’s Series B-1 funding round concluded, which included 69 investors, including Tiger World Wide and BlackRock.
In July, when FTX raised $ 900 million for its largest venture capital investment to date in electronic money, investors estimated the exchange at $ 25 billion, up 39% from the price of the Sequence B label.
The CEO of FTX, Bankman-Fried, said at the time of publication that he intended to acquire companies and form alliances in order to expand the reach of the service and increase its user base.