Crypto-trading software builder SignalPlus secures $11 million in series B funding

Quick Take

  • The Asia-based crypto derivatives trading software tech firm plans to use the newly raised capital to expand its global presence.
  • The latest funding round was led by AppWorks and OKX Ventures.

SignalPlus, an Asia-based crypto trading software service provider, has secured $11 million in its series B financing round as it aims to expand globally.

The company said in a Friday announcement that the funding round was led by AppWorks and OKX Ventures, with participation from Avenir Group and HashKey.

Founded in 2021, SignalPlus provides institutional-grade trading tools in the crypto space, enabling users to navigate the trading of crypto derivatives. Its products include QuantLab and the Trading Terminal. Its products are used by exchanges and trading firms such as Binance, Bybit, Deribit, OKX and Paradigm.

“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.

With the newly raised capital, the company plans to expand its product suite across quantitative trading and proprietary risk management. It also intends to expand its global presence with additional staffing, according to its statement.


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About Author

Timmy Shen is an Asia editor for The Block. Previously, he wrote about crypto and Web3 for Forkast.News from Taiwan after spending more than three years in Beijing covering finance, entertainment business and current affairs at Caixin Global and Chinese tech at TechNode. His China-related reporting has also appeared in The Guardian. When he's not chasing headlines, you'll find him savoring hot pot and shabu shabu in a Taipei local haunt. Timmy holds an MS degree from Columbia University Graduate School of Journalism. Send tips to [email protected] or get in touch on X/Telegram @timmyhmshen.

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