SignalPlus Raises $11M to Advance Crypto Derivatives Innovation

SignalPlus,  an innovative crypto trading software provider, has set its sights on transforming the crypto derivatives market. As reported by The Block, the startup recently closed an $11 million Series B funding round led by AppWorks and OKX Ventures. 

This firm also received support from Avenir Group and HashKey. This funding will help SignalPlus bring top-level Wall Street technology to crypto trading, creating new tools and expanding worldwide. 

SignalPlus Revolutionizes Crypto Trading Tools

SignalPlus started in 2021 and has brought fresh ideas to the crypto world. With a team of experts in finance and technology, the company created tools like QuantLab and the Trading Terminal. 

These tools have made crypto derivatives trading easier with simple designs and powerful systems for handling complex trades. These tools have become integral to the operations of industry leaders such as Binance which is set to improve its perpetual contracts, Bybit, Deribit, OKX, and Paradigm. 

Chris Yu, co-founder and CEO, believes that SignalPlus can improve crypto derivatives with investor support. The company plans to grow its tools for quantitative trading and proprietary risk management, aiming to strengthen its place in the industry.

SignalPlus To Expand Operations Worldwide

With $11 million in funding, SignalPlus plans to improve its products by focusing on advanced quantitative trading and risk management tools. These tools will be designed to help both retail and institutional traders with solutions that are powerful but easy to use. 

The company also aims to grow its presence globally by expanding its team and business efforts in key markets. SignalPlus is strengthening its infrastructure to meet the needs of a growing and diverse client base, with a team of skilled STEM experts ready to handle the increasing demand.

Broader Industry Trends 

The crypto industry is experiencing a surge in funding, highlighted by significant venture rounds and growing investor interest. Companies like Phantom and Sygnum have raised significant capital recently.

Phantom, a digital asset wallet provider, raised $150 million in a Series C round, bringing its valuation to $3 billion, up 150% from 2022. Sygnum, a crypto bank, hit unicorn status with $58 million in funding to support global expansion. 

Additionally, post-2024 political changes have spurred over $1 billion in crypto venture funding. This shows increased investor confidence and signals the growing mainstream adoption of blockchain technology.