Tread.fi, Crypto Trading Platform Powered by Algorithms, Secures $3.5 Million

Tread.fi, Crypto Trading Platform Powered by Algorithms, Secures $3.5 Million

Tread.fi, a crypto trading platform that leverages algorithms, has secured $3.5 million in a pre-seed funding round spearheaded by Newform Capital, as reported by The Block. Tread.fi was founded by David Jeong, a former executive at Morgan Stanley, and provides a platform equipped with proprietary trading engines and algorithms. Other notable participants in the funding round included Acrew Capital, Barracuda Capital, GBV Capital, and The Tenfield Fund. The funds will be utilized to refine the platform and expand the team. Tread.fi aims to democratize algorithmic trading, making it accessible to a broader range of crypto traders. The platform offers a user-friendly interface and requires minimal technical expertise, enabling traders to execute complex strategies with ease. The company plans to leverage the funding to enhance its product offerings, including adding new trading strategies, expanding supported exchanges, and developing educational resources for traders. Additionally, Tread.fi intends to grow its team, particularly in engineering and product development. With the increasing popularity of algorithmic trading in the crypto market, Tread.fi is well-positioned to capitalize on this trend. The platform's focus on accessibility and ease of use is expected to attract traders seeking a sophisticated and user-friendly trading solution.