CoinRoutes Raises $16M in Series B Funding

CoinRoutes, a Miami, FL-based algorithmic trading platform for digital assets, raised $16m in Series B funding.

The round was led by Ayon Capital with participation from Susquehanna International, Cboe Global Markets, Celsius, CMT Digital, Genesis Global Trading, Galaxy Digital, Arca, Mirana Ventures (venture partner of Bybit and BitDAO), GSR Markets, AscendEX, and others. The CIO for Ayon Capital, Rahul Pagidipati, Co-CEO of Zebpay and Board Member for Brave Browser, will join the CoinRoutes Board.

The company intends to use the funds to continue to expand operations and its business reach.

Led by Dave Weisberger, CEO, Michael Holstein, CRO, and Ian Weisberger, CTO, CoinRoutes provides the institutional community with pure-play crypto SaaS trading technology delivering the tools – algorithms, market access, TCA and market data – that active and quantitative crypto traders require.

Today, the company consolidates Market Data and offers Algorithmic Trading for over a thousand spot and derivative instruments from over 50 major exchanges and liquidity providers 24/7. The patent-pending distributed architecture allows clients to keep control over their wallets and keys.