Sam Bankman Fried’s Alameda Research has invested $3 million in trading platform 3Commas.
admin17th, May 2022
Sam Bankman-Fried’s Alameda Research has invested $3 million in
trading platform 3Commas.
“We had offers from other bigger names in the space as well,”
founder and CEO Yuriy Sorokin told CoinDesk in an interview, “but I
love Sam because he talks straight to the point compared to these other Western
Sorokin’s platform launched three years ago out of Tallinn,
Estonia, to bring a simple crypto investing and trading experience for retail
users. Sorokin said the lack of understanding and access to professional
trading tools for retail investors is an even bigger problem today as crypto is
trending toward greater adoption.
“That’s why we chose Alameda to be our [sole] investor,” said
Sorokin. “They were the first who tried to bring social trading or third-party
trading tools directly to the exchanges.”
Read more: FTX Is Building Lots of Sophisticated Markets
Few Traders Use
Bankman-Fried, founder and CEO of Alameda Research and FTX
Exchange, said in a press release, “We are perfectly aligned in our mission to
increase crypto adoption and offer an amazing experience utilizing 3Commas
The platform currently has 100,000 active traders, according to
In the past year, 3Commas has launched a number of bots that
enable users to select from a series of pre-determined trading strategies,
leave their assets on autopilot, and get notified when a trade is