SignalPlus Secures $11 Million in Series B Financing

SignalPlus, an Asia-based crypto trading software service provider, has secured $11 million in its series B financing round as it aims to expand globally.

The company announced on a Friday that the funding round was led by AppWorks and OKX Ventures, with participation from Avenir Group and HashKey.

Company Background

Founded in 2021, SignalPlus provides institutional-grade trading tools in the crypto space, helping users navigate the trading of crypto derivatives. Its products include QuantLab and the Trading Terminal, which are utilized by exchanges and trading firms such as Binance, Bybit, Deribit, OKX, and Paradigm.

Future Plans

“Building on our momentum and with the support of our investors, SignalPlus is poised to enter the new year as a key player in driving the continued evolution and institutionalization of crypto derivatives,” said Chris Yu, co-founder and CEO of SignalPlus.

With the newly raised capital, the company plans to expand its product suite across quantitative trading and proprietary risk management. It also intends to enhance its global presence through additional staffing, as stated in their announcement.