Crypto trading and market making firm Auros has raised US$17 million in a funding round.
The round was led by Vivienne Court with participation from Bit Digital Inc, Trovio, Primal Capital, Optiver, and others.
Auros is a crypto-native algorithmic trading and market-making firm with operations worldwide and offices in Hong Kong and New York. Its proprietary technology stack was developed specifically for trading and market making of digital assets. The firm serves as a strategic market makign partner for dozens of web3 projects and a leading liquidity provider to more than 30 major centralized and decentralized cryptocurrency trading venues.
This latest funding round will accelerate Auros’ mission to support builders in the web3 ecosystem, the company said in an announcement on its blog on Monday.
Auros will also use the funds to continue scaling its Derivatives Solutions business, where projects, decentralized autonomous organizations (DAOs), miners, and accredited institutions can gain access to yield, protection and participation structures from a trusted, market-leading provider.
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Ben Roth, co-founder and chief investments officer of Auros said the partnership with Vivienne Court and Bit Digital Inc will "place Auros in a strong position to build upon our best-in-class market making offering."
By combining its proprietary high frequency trading strategies with an innovative partnership-based approach, Auros now accounts for a significant proportion of global cryptocurrency volume and will continue to redefine liquidity provision and foster sustainable growth in the digital assets industry, the company said.
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