Cryptocurrency trading execution tool Anboto Labs has completed a $3 million funding round, with participation from Kronos Ventures and other investors.

According to BlockBeats news on October 26th, Anboto Labs, a cryptocurrency trading execution tool, completed a $3 million financing round in the third quarter of this year, with participation from Kronos Ventures, Cherry Crypto, Mechanism Capital, XBTO, and Matrixport, among others, according to The Block. Guillaume Forcade, co-founder of Anboto, said the new financing round was completed on top of the $1.9 million raised by the company last year, bringing its valuation to $35 million. Anboto stated that the new platform underwent 18 months of closed testing and achieved a trading volume of $4 billion on 20 trading platforms and blockchain networks. It offers execution algorithms such as TWAP, VWAP, and Iceberg to provide optimal pricing and improved execution. The company also allows users to register without knowledge of customer processes, set up multi-factor authentication, and whitelist IP addresses to enhance security.