League of Traders, a Seoul, South Korea-based social trading platform that enables users to copy trade and participate in competitive trading leagues against peers, raised $2.4 million in pre-series A financing.
The round was led by C3 VC Fund, with participation from Mirana Ventures, and Cadenza Capital Management.
The company intends to use the funds to expand its user offerings and improve current copy trading features.
Led by John-Ting Li, CEO, and Minkyu Cho, League of Traders encourages novices to participate in crypto trading by enabling users to copy the portfolio and trades of more advanced traders at the click of a button. The app further allows users a chance to prove their skills in competitive trading leagues with cash prizes for top finishers. In 2022, users’ trading accounts connected to the League of Traders platform had volumes of over $4 billion per month with April alone topping $5.4 billion.
Founded in 2019, Korea-based the company secured past investments with Alameda Ventures, BitMEX and Neowiz (an IPO game publisher in Korea).
FinSMEs
03/07/2022