Tagomi, a New York based crypto exchange platform raises $12 Million in the recent funding rounds. During this funding round, several investors participated in it like Paradigm Fund and Pantera.
According to the press release, Tagomi has gained total funding of $28 million USD since its launch in 2018.
Matt Huang, Founding Partner at Paradigm and former Partner at Sequoia says they are excited to partner with Tagomi because of the momentum and traction the crypto exchange platform brings.
Tagomi currently offers to trade with Bitcoin, Ether, and other cryptocurrencies. They also provide three types of crypto-related products: portfolio management interface for institutional investors, an advanced trading terminal for active traders, and an API for programmatic trading.
Greg Tusar, Co-Chief Executive Officer of Tagomi, said they are excited to partner with new investors who can support the platform with their experience. Investors share the same vision of building the next generation robust trading technology with Tagomi.
Tusar also added that,
“We are honored that clients have voted with their feet, and we share in their excitement of the progress Tagomi has made in improving trade execution, transparency, and lowering operational costs in the digital asset space.”
Multicoin, Managing Partner Tushar Jain said, The team of Tagomi understands the complexity of crypto markets and they believe their partnership will help them to execute their fund strategies.
The Crypto Exchange will use fundings of this round to develop and improve operations. Also, they will be able to scale and support the client’s demands.