The news was announced as Efficient Frontier on March 15, and the company said the funding will be used to “expand the balance sheet” and strengthen its position in the crypto asset sector. Roy Levough, effective commander of the border guard:
Alameda Research by Sam Bankman-Fried has invested $ 2 million in Tel Aviv-based cryptocurrency firm Efficient Frontier.
“The funding that comes from this strong team is small and will help us improve our partners’ value propositions.”
“Efficient Frontier is one of the most advanced commercial companies in our hall,” said Sam Bankman-Fried, co-founder and CEO of Alameda. “We worked together from the beginning, and it was the team, technology and production perspective that made us so happy to join the trip.”
Efficient Frontier is supported by Collider Ventures and Follow The Seed.
Since its launch in 2017, the market maker has provided liquidity to dozens of cryptocurrency exchanges, including both centralized and decentralized platforms. Levaf noted that effective cross-border trade increased by “hundreds of percent” during 2020 and said: “The past year has been very important for both industry and our growth.”
The company claims to have provided liquidity to over 1,000 compounds in both the spot market and the derivatives market with a monthly volume of around $ 10 billion on 50 different exchanges.
Alameda Research announced last month that it has invested $ 40 million in Dexy Oxygen Protocol, a Solana-based lending platform to be integrated into the Maps.me travel app. Alameda also invested $ 50 million in Maps.me in January, and the travel app promised to provide decentralized funding to 140 million users.