Efficient Frontier Adds Strategic Crypto-Heavyweights to Its Funders with New Eight-Digit Round

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ICON, Animoca Brands, Kyber Ventures and Starkware have joined Alameda Research and Collider Ventures to support the algorithmic market maker

TEL AVIV, Israel –News Direct – Efficient border

Efficient Frontier, an algorithmic trading and market-making company, today announced that major crypto players, including blockchain game powerhouse Animoca Brands, Kyber Ventures, ICON Foundation, the leading blockchain company at the test ZK Starkware, INX, Hillrise Ventures, BitMart and Cadenza Ventures, have joined Alameda Research in an eight-figure funding cycle.

Roei Levav (CEO) and Alon Elmaliach (CTO)

Efficient Frontier, founded in 2018 and led by Roei Levav, Alon Elmaliah and Gal Ginio, has helped over 120 projects and exchanges create healthy markets while developing one of the industry’s most advanced algorithmic trading systems. cryptography. With hundreds of thousands of transactions and hundreds of millions of dollars exchanged every day through its systems, EF aims to create the world’s most powerful stand-alone trading system for digital assets.

Efficient Frontier’s volumes and revenues have grown significantly since the start of the year. The company will use the new capital announced today to continue to grow its revenue and advance its sophisticated CeFi and DeFi trading activities.

“Now is the perfect time to add new partners to our journey,” said Roei Levav, CEO of Efficient Frontier. “Our partners have an incredible network that opens almost every door to the crypto world.

We believe that those who work fast enough acquire the knowledge and technical ability to secure significant market share. We thought it was the right time to ask significant partners to join our journey, believing in our common path and our ability to make the crypto world more liquid, and therefore more connected ”.

“Efficient Frontier has built one of the smartest and brightest teams in the industry when it comes to crypto and HFT technology trading. We are excited to move forward with them on their journey and look forward to seeing their continued growth, ”said Brian Lee of Alameda Research.

The story continues

Yat Siu, Executive Chairman and Co-Founder of Animoca Brands, said, “Liquidity is essential for digital asset markets. We have experienced the value of Efficient Frontier’s technology and team, and we look forward to growing our business together.

ICON Founder Min Kim added, “We are very excited about what is being built at EF. We are confident that this team will continue to lead the way in digital asset trading in the CeFi and DeFi markets for ICON and many top blockchain projects.

“Adoption and engagement in the decentralized finance landscape has grown significantly in recent years. Efficient Frontier is at the forefront of understanding how these markets work, ”said Max Shapiro of Cadenza Ventures.

“Efficient Frontier has brought together a passionate and experienced team with the technical foundations necessary to compete in all digital asset markets. We look forward to supporting their future growth and are delighted to join the team on this journey, ”said Daniel Dal Bello of Hillrise Ventures. .

About Efficient Frontier

Efficient Frontier has been building a powerful autonomous trading technology in the crypto markets since 2018. EF’s algorithms optimize hundreds of millions of dollars and over 150,000 daily turnover transactions on numerous digital assets and exchanges 24/7/365. With decades of combined experience in technology, algorithmic trading and research, EF helps its partners create healthier, more liquid markets and deliver higher value to traders and investors. The current funding cycle will be used to expand the research and development teams to improve the backbone of business systems and support new developments in the field. For more information, please see https://www.efrontier.io

Contact details

Nir Hirshman

+972 50-620-5384

[email protected]

Company Website

https://www.efrontier.io

See the source version on newsdirect.com: https://newsdirect.com/news/efficient-frontier-adds-strategic-crypto-heavyweights-to-its-backers-with-a-new-eight-figure-round-767225444

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