Anboto Labs Raises $3 Million and Launches Non-Custodial Trading Platform
Anboto Labs, a Hong Kong-based provider of crypto trading execution tools, has announced that it raised $3 million in funding and has launched an institutional-grade non-custodial trading platform. The company secured the investment from various investors, including Kronos Ventures, Cherry Crypto, Mechanism Capital, XBTO, and Matrixport. This funding comes in addition to the $1.9 million raised last year, bringing Anboto’s valuation to $35 million.
The newly launched platform underwent an 18-month closed beta phase, during which it recorded $4 billion in trading volume across 20 exchanges and blockchain networks. Anboto offers execution algorithms like TWAP, VWAP, and iceberg to provide optimal pricing and improved execution for users.
Enhanced Security and Future Plans
Anboto’s platform allows users to sign up without the need for a know-your-customer process and offers features like multi-factor authentication and IP address whitelisting for enhanced security. The company plans to expand its trading features in the coming months, including non-custodial prime services, with the aim of making institutional-grade execution tools accessible to all crypto traders.
Hot Take: Anboto Labs Raises Funds and Launches Non-Custodial Trading Platform
Hong Kong-based crypto trading tool provider Anboto Labs has successfully raised $3 million in funding and unveiled its non-custodial trading platform. The company’s institutional-grade platform has undergone extensive testing during an 18-month closed beta phase, recording impressive trading volumes. With execution algorithms like TWAP and VWAP, Anboto aims to deliver optimal pricing and improved execution for experienced traders. Additionally, the platform prioritizes security by allowing users to sign up without KYC, implementing multi-factor authentication, and IP address whitelisting. Anboto plans to expand its trading features to democratize access to institutional-grade execution tools for all crypto traders.
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