#Singapore #OKX Ventures #SignalPlus #AppWorks

SignalPlus Secures $11 Million in Series B Funding

SignalPlus, a prominent provider of advanced software and infrastructure solutions for crypto derivatives, recently announced the successful closing of an $11 million Series B funding round. This financing effort was spearheaded by AppWorks and OKX Ventures, with additional contributions from Avenir Group and HashKey. The capital raised is set to support SignalPlus's ambitious growth strategy, focusing on product development, global expansion, and operational efficiency.

Founded in 2021, SignalPlus has rapidly emerged as a leader in the crypto space, thanks to its team of seasoned professionals from capital markets and technology sectors. The company has made significant strides in delivering institutional-grade solutions tailored for the complexities of crypto derivatives trading. Their flagship products, including the QuantLab and Trading Terminal, have been lauded for their innovative design and functionality, providing users with a seamless experience powered by a trading engine comparable to Wall Street standards.

Chris Yu, Co-Founder and CEO of SignalPlus, expressed enthusiasm about the new funding: "Our momentum is undeniable, and with our investors' support, we are ready to play a pivotal role in the ongoing evolution of crypto derivatives. We aim to broaden our market share, roll out new advanced products, and scale our operations to meet the increasing mainstream adoption of cryptocurrency trading."

Strategic Focus Areas

With the newly acquired funds, SignalPlus plans to emphasize three primary areas:
1. Product Development: The company will enhance its suite of tools, focusing on quantitative trading and proprietary risk management solutions. This will ensure unmatched service reliability for both institutional and retail traders.
2. Global Market Expansion: SignalPlus aims to strengthen its foothold in crucial geographical markets, expanding its audience by increasing staffing and business development efforts.
3. Refining Operational Excellence: The firm seeks to enhance its workforce and infrastructure to effectively cater to an expanding and diverse client base.

Despite navigating a challenging economic landscape, SignalPlus has consistently achieved significant milestones, including the integration of its products across leading exchanges such as Binance, Bybit, Deribit, OKX, and Paradigm. Their comprehensive software suite has been widely recognized by institutional clients for its capabilities in risk management, market-making, and structured product automation.

This funding round serves to underline SignalPlus's reputation as a bona fide technology enterprise with a talent pool consisting of over 70% professionals with STEM backgrounds. Their innovative solutions and strategic vision have earned them favorable acknowledgment in the blockchain community.

Jessica Liu, Partner at AppWorks, commented on their collaboration with SignalPlus: "Working with Chris and James has shown us their commitment to excellence. Their long-term vision and ability to consistently deliver results is impressive. They truly stand out in a highly competitive environment."

Jeff Ren, Partner at OKX Ventures, added, "SignalPlus is fundamentally transforming crypto derivatives into an institutional-grade offering. Their talented team and robust infrastructure position them well to capitalize on the evolving market needs. We've seen many projects, but SignalPlus genuinely delivers on bringing high-caliber financial tools to crypto."

About SignalPlus

SignalPlus is a venture-backed technology firm dedicated to developing institutional-grade trading software for digital assets. The company's flagship dashboard offers a comprehensive suite of pricing, analytics, and execution algorithms, catering to high-touch trading with no upfront costs. Additionally, it provides a robust automation suite designed to support market-making operations from inception. With a mission to democratize access to crypto trading, SignalPlus aims to provide exceptional quality and service to all users, regardless of their background.

For further details, interested individuals can contact:
Corri Wang
Phone: +65 88107289
Email: [email protected]
Website: www.signalplus.com