The information was introduced by Environment friendly Frontier on March 15, with the corporate stating the funding will probably be used to “develop its steadiness sheet” and construct its place throughout the crypto asset sector. Environment friendly Frontier chief govt, Roei Levav, acknowledged:
Sam Bankman-Fried’s Alameda Analysis has invested $2 million in Tel-Aviv-based algorithmic crypto market maker, Environment friendly Frontier.
“This funding, coming from such a powerful staff, is humbling and can assist us to additional enhance our worth proposition to our companions.”
“Environment friendly Frontier is among the most superior buying and selling firms in our house,” stated Alameda’s co-founder and CEO, Sam Bankman-Fried. “Now we have been working collectively for the reason that early days and their staff, expertise, and outlook on the business is what made us so excited to hitch their journey.”
Environment friendly Frontier can also be backed by enterprise capital corporations Collider Ventures and Observe The Seed.
Since launching in 2017, the market maker has supplied liquidity to dozens of crypto exchanges, together with each centralized and decentralized platforms. Levav famous Environment friendly Frontier’s commerce quantity grew by “lots of of p.c” throughout 2020, stating: “Final 12 months has been essential for each the business and our development.”
The corporate claims to have equipped liquidity for greater than 1,000 pairings in each spot and by-product markets, and to be approaching $10 billion in month-to-month quantity throughout 50 totally different exchanges.
Final month, Alameda Analysis introduced it had invested $40 million into DeFi protocol Oxygen — a Solana-based lending platform that will probably be built-in onto journey app Maps.me. Alameda additionally invested $50 million Maps.me in January, with the journey app promising to deliver decentralized finance to its 140 million customers.