Ethereum Prices Might Go Under $2,000 In The Near Future.
Leave a comment
Your email address will not be published. Required fields are marked *
Alameda Research Invests $2 Mln In Crypto Market Maker Efficient Frontier.
2021-03-15 | Eddy Morgan
“This funding, coming from such a robust team, is humbling and can assist us to further improve our worth proposition to our partners.”“Efficient Frontier is one among the foremost advanced trading firms in our ecosystem,” added Alameda’s co-founder and CEO, Sam Bankman-Fried. “We are working together since the first days and their team, technology, and outlook on the industry is what made us so excited to hitch their ride.” Efficient Frontier is additionally backed by capital venture firms Collider Ventures and Follow The Seed. Since 2017, the market maker has offered liquidity to dozens of cryptocurrency exchanges, along with both centralized and decentralized platforms. Levav outlined Efficient Frontier's trade volume grew by “hundreds of percent” earlier in last year, adding: “Last year has been vital for both the industry and our growth.” The firm claims to possess supplied liquidity for over 1k pairings in both spot and derivative markets and to be approaching $10 Bln in monthly volume across 50 different exchanges. Also earlier last month, Alameda Research announced it had invested $40 Mln into the DeFi protocol Oxygen - a Solana-based lending platform that will be integrated onto travel app Maps.me. Alameda also invested $50 Mln Maps.me earlier in January, with the travel app promising to bring DeFi to its 140 Mln users.
