SignalPlus Raises $11M Series B to Accelerate Crypto Derivatives Innovation

What's Happening: SignalPlus, a provider of software and infrastructure solutions for crypto derivatives, has secured $11 million in Series B funding. The round was led by AppWorks and OKX Ventures, with participation from Avenir Group and HashKey. The company plans to use the funds to expand its product suite, strengthen its global market presence, and enhance operational excellence.

The Key Moves:

• Expand product suite of quantitative trading and risk management tools for institutional and retail crypto traders

• Strengthen presence in key geographical centers to expand addressable market

• Expand talent pool and development infrastructure to cater to a growing client base

By The Numbers :

• $11 million raised in Series B funding

• 70% of workforce has STEM backgrounds

• Integrated with leading exchanges including Binance, Bybit, Deribit, OKX, and Paradigm

Key Quotes:

• "SignalPlus is poised to enter the new year as a key player in driving the continued evolution and institutionalization of crypto derivatives." - Chris Yu, Co-Founder & CEO of SignalPlus

• "They have a long-term vision for shaping the crypto derivatives trading landscape, and they're willing to make tough decisions and sacrifice short-term profits to achieve their goals." - Jessica Liu, Partner of AppWorks

• "SignalPlus stands out for actually delivering on the promise of bringing Wall Street-caliber tools to crypto." - Jeff Ren, Partner of OKX Ventures

The Bottom Line: SignalPlus's successful Series B funding round positions the company to capitalize on the growing demand for institutional-grade crypto derivatives trading solutions. With a focus on product development, global expansion, and operational excellence, SignalPlus aims to further establish itself as a leader in the evolving crypto derivatives market.

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