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Market News

Upbots Secures $4M Funding from Sandstorm for Marketing

Written By Brian Mutembei
Published June 11, 2024 3:09 AM·Updated 2 years ago
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Upbots Secures $4M Funding

Sandstorm, a prominent market-making firm in the virtual asset space, has guaranteed $4 million in financing to Upbots, an innovative crypto trading platform. This funding aims to boost Upbots’ integration with Sandstorm’s sophisticated market-making capabilities.

The funding will be available for Upbots to draw on over two years, ensuring long-term financial stability to help Upbots improve its trading platform and adopt new features and services for customers. Upbots’ automated bots, social trading features, and advanced analytics are expected to see improvements.

Financial support from Sandstorm will help Upbots design and implement highly efficient trading tools regardless of market conditions to ensure the company’s and platform’s development.

Also Read: Bybit Seeks Virtual Asset Trading License in Hong Kong

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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