Anboto Labs, a leading crypto trading execution tool provider in Hong Kong, has recently made a big splash in the industry by securing $3 million in funding. This financial boost comes on the heels of a successful $1.9 million investment last year and has pushed the company’s valuation to an impressive $35 million.
About Anboto Labs
Anboto Labs is a Hong Kong-based company that specializes in providing crypto trading execution tools. Founded by Guillaume Forcade and his team, the company has taken significant strides in the cryptocurrency industry. One of their standout features is their suite of execution algorithms, including TWAP and VWAP, designed to ensure that traders get the best possible pricing.
What sets Anboto apart is its commitment to user privacy. The platform eliminates the need for lengthy know-your-customer procedures and enhances security through multi-factor authentication and IP address whitelisting.
About the Funding
The recent funding round of $3 million was led by key investors such as Kronos Ventures, Cherry Crypto, and Mechanism Capital. This financial injection follows a successful round of $1.9 million secured by Anboto Labs last year. This support has boosted the company’s valuation to $35 million, signaling strong investor confidence in Anboto’s vision and potential. Guillaume Forcade, the co-founder of Anboto, expressed his enthusiasm about the company’s trajectory, emphasizing their revenue-positive status and their commitment to expanding their services.
Anboto Labs’ Vision for Crypto Trading
A big testing phase, lasting 18 months, has finished, and now the Anboto Labs platform is ready to be released to everyone. During this testing time, they did a lot of trading, around $4 billion worth, on 20 different exchanges and blockchain networks. This helped them make their platform work really well and be super safe.
Anboto Labs has big plans for crypto trading. They want to make their trading tools even better in the next few months. Their goal is simple: they want to give everyone, not just the experts, the same powerful tools that big institutions use. In the fast-changing crypto world, Anboto Labs is becoming a major player in helping all kinds of traders succeed.
Anboto Labs‘ recent funding success is a testament to the company’s dedication to providing top-notch crypto trading execution tools. With a focus on user privacy, high-caliber execution algorithms, and a commitment to democratizing access, they are well-positioned to make waves in the cryptocurrency trading world. As the crypto market continues to evolve, keep an eye on Anboto Labs for innovative solutions and new opportunities for traders.
1. What are TWAP and VWAP, and why are they important for crypto trading?
TWAP (Time-Weighted Average Price) and VWAP (Volume-Weighted Average Price) are execution algorithms used in trading. They are crucial for traders as they help in achieving the best possible pricing for their trades. TWAP spreads orders evenly over a specified time frame, while VWAP takes into account trading volume to determine the average price. These algorithms are essential for optimizing trading strategies and minimizing slippage.
2. How does Anboto Labs prioritize user privacy in crypto trading?
Anboto Labs eliminates the need for a lengthy know-your-customer (KYC) procedure, making it easier for traders to access their platform. They also enhance security through multi-factor authentication and IP address whitelisting, ensuring that user data and assets remain secure while maintaining privacy.
3. What does Anboto Labs’ mission to democratize access to institutional-grade execution tools mean for crypto traders?
Anboto Labs aims to make advanced trading tools that were once exclusive to institutional traders accessible to a broader range of crypto traders. This means that both beginners and experienced traders will have access to tools and features that can help them succeed in the cryptocurrency market, leveling the playing field and increasing opportunities for all.