Funding Announcement Highlights

Efficient Frontier, a leading algorithmic crypto market maker based in Tel Aviv, made waves on Monday with the announcement of a $2 million investment from Sam Bankman-Fried’s Alameda Research. This funding is set to propel the company’s growth, allowing it to “expand its balance sheet” and solidify its position within the ever-evolving crypto sector.

CEO Insights: What This Means for Efficient Frontier

Roei Levav, CEO of Efficient Frontier, expressed gratitude for the investment. He remarked,

“This funding, coming from such a strong team, is humbling and will help us to further improve our value proposition to our partners.”

It’s always great to see leaders sharing how funding isn’t just about cash; it’s about enhancing relationships and services.

A Noteworthy Partnership

Alameda’s CEO, Sam Bankman-Fried, couldn’t hold back his excitement either, emphasizing how

“Efficient Frontier is one of the most advanced trading companies in our space.”

As early collaborators, the shared journey of both companies is a testament to their mutual trust and vision for the crypto landscape.

Efficient Frontier’s Rapid Growth

Since its inception in 2017, Efficient Frontier has managed to carve a significant niche in the crypto world. The company has provided liquidity across numerous exchanges, boasting an impressive trade volume surge by “hundreds of percent” in 2020 alone. Levav highlighted that their operational reach is impressive:

• Over 1,000 trading pairings.
• About $10 billion in monthly trading volume.
• Partnerships across 50 different exchanges.

Alameda’s Broader Investment Strategy

This latest funding isn’t an isolated event. Last month, Alameda Research made headlines by investing $40 million in the decentralized finance protocol, Oxygen, and an additional $50 million in the travel app Maps.me. By integrating DeFi into mainstream applications, they aim to reach over 140 million users—talk about a game changer!