The information was introduced by Environment friendly Frontier on March 15, with the corporate stating the funding will likely be used to “broaden
The information was introduced by Environment friendly Frontier on March 15, with the corporate stating the funding will likely be used to “broaden its steadiness sheet” and construct its place inside the crypto asset sector. Environment friendly Frontier chief govt, Roei Levav, acknowledged:
Sam Bankman-Fried’s Alameda Analysis has invested $2 million in Tel-Aviv-based algorithmic crypto market maker, Environment friendly Frontier.
“This funding, coming from such a robust staff, is humbling and can assist us to additional enhance our price proposition to our companions.”
“Environment friendly Frontier is without doubt one of the most superior buying and selling corporations in our area,” mentioned Alameda’s co-founder and CEO, Sam Bankman-Fried. “We’ve been working collectively because the early days and their staff, expertise, and outlook on the business is what made us so excited to affix their journey.”
Environment friendly Frontier can be backed by enterprise capital companies Collider Ventures and Comply with The Seed.
Since launching in 2017, the market maker has supplied liquidity to dozens of crypto exchanges, together with each centralized and decentralized platforms. Levav famous Environment friendly Frontier’s commerce quantity grew by “tons of of %” throughout 2020, stating: “Final 12 months has been essential for each the business and our development.”
The corporate claims to have provided liquidity for greater than 1,00zero pairings in each spot and spinoff markets, and to be approaching $10 billion in month-to-month quantity throughout 50 completely different exchanges.
Final month, Alameda Analysis introduced it had invested $40 million into DeFi protocol Oxygen — a Solana-based lending platform that will likely be built-in onto journey app Maps.me. Alameda additionally invested $50 million Maps.me in January, with the journey app promising to deliver decentralized finance to its 140 million customers.