Alameda Research has invested $2 million in a Tel-Aviv-based market maker claiming to process nearly $10 billion in volume monthly across 50 crypto exchanges.
The news was announced by Efficient Frontier on March 15, with the company stating the funding will be used to “expand its balance sheet” and build its position within the crypto asset sector. Efficient Frontier chief executive, Roei Levav, stated:
Sam Bankman-Fried’s Alameda Research has invested $2 million in Tel-Aviv-based algorithmic crypto market maker, Efficient Frontier.
“This funding, coming from such a strong team, is humbling and will help us to further improve our value proposition to our partners.”
“Efficient Frontier is one of the most advanced trading companies in our space,” said Alameda’s co-founder and CEO, Sam Bankman-Fried.