SignalPlus Secures $11M to Expand Crypto Trading Software Biz

SignalPlus, a rising star in the cryptocurrency trading software space, has secured $11 million in a Series B funding round. The Asia-based company, known for its institutional-grade tools for navigating the complex world of crypto derivatives, plans to use the fresh capital to expand its product offerings and grow its global presence.

Powering Up: Investors Bet on SignalPlus's Technology

The funding round was led by AppWorks and OKX Ventures, with additional participation from Avenir Group and HashKey, underscoring the growing investor confidence in SignalPlus's technology and market position.

From Trading Tools to a Global Expansion: SignalPlus's Ambitious Plans

Founded in 2021, SignalPlus provides sophisticated trading tools designed for institutional players in the crypto market. Its offerings, including QuantLab and the Trading Terminal, are used by major exchanges and trading firms like Binance, Bybit, Deribit, OKX, and Paradigm, highlighting the platform's widespread adoption.

"Building on our momentum and with the support of our investors, SignalPlus is poised to enter the new year as a key player in driving the continued evolution and institutionalization of crypto derivatives," said Chris Yu, co-founder and CEO of SignalPlus.

The company's expansion plans include broadening its product suite to encompass quantitative trading and proprietary risk management solutions. SignalPlus also aims to increase its global footprint by adding staff in strategic locations.