by Eric Martin 
Despite a sluggish crypto trading industry, 3Commas crypto trading bots managed to raise $37 million from investors including Target Global, Alameda Research (FTX), Jump Capital, and Dmitry Tokarev, Founder and CEO of Copper.
Direct competitors of Kryll, 3Commas crypto trading bots intend to use this fresh money to improve their ecosystem and develop new automated DeFi trading tools, the press release states.
Thanks to a growing adoption of Bitcoin (BTC) and cryptocurrencies, crypto trading bots and Bitcoin robots are becoming more and more popular, and especially more and more used by professional traders as well as by the general public.
Individuals who are particularly fond of copy trading, which allows professional traders to be automatically copied, which does not require special skills in technical analysis with crypto prices.
Founded in 2017 by Yuriy Sorokin, Egor Razumovskii and Mikhail Goryunov, 3Commas had already raised $3 million in 2020, it is now raising more than ten times more in order to accelerate its development within a booming crypto bot market.
Yuriy Sorokin, CEO and Founder of 3Commas, said:
“3Commas was created with the goal to help people achieve financial freedom by expanding access to complex, crypto trading strategies through powerful trading bots. Through this fundraise, our investors have shown overwhelming confidence that we are executing this vision. We are excited to continue to build technology that democratizes access to the transformational benefits of crypto by relentlessly advancing our technology and offering a suite of developer tools to make 3Commas the destination for investment app innovation.”
This substantial fundraising in the crypto trading bots sector illustrates the current appetite of investors for the crypto industry which clearly has a promising future despite the current bearish cycle.
To learn more about automated crypto trading, check out our ranking of the best crypto trading bots 2022: click here to access it.
