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Former JP Morgan VP Gets $8m in Funding for Crypto Trading Firm
Hummingbot.io has cleared $1.7B in transactions
Author:
Hummingbot.io has cleared $1.7B in transactions
Liquidity mining and automated trading service Hummingbot.io raised $8 million in a series A round led by Initialized Capital, Crypto Investor has learned.
CEO and founder Michael Feng said the series A is especially validating, considering the pandemic nearly killed his project a year ago. Hummingbot had initially tried to raise a series A in March 2020, as the world began shutting down (and wallets began closing up) due to COVID-19.
Hummingbot.io altered its timeline and built a platform for its service. The gamble worked.