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Alameda-Backed Investment Platform Stacked Acquires Automated Trading Service
Terms of the deal were not disclosed.
By Zack Voell
Updated Sep 14, 2021, 11:00 a.m. Published Jan 22, 2021, 8:02 p.m.
Two automated cryptocurrency services have merged to make trading and investing even easier.
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- Stacked, an automated investing startup launched in early 2020, acquired algorithmic trading and signals service Alertatron to further "demystify the investing experience" for novice cryptocurrency buyers, per a release published Friday.
- Terms of the deal were not disclosed.
- "The trade execution technology built by Alertatron is extremely robust [...] and will accelerate our technical roadmap for Stacked by at least half a year," CEO Joel Birch said in a statement.
- Since its launch, Stacked has reported over $4 billion in volume, Birch told CoinDesk, with $2 billion of that having been executed in the last two months.
- Stacked closed a $1 million seed round joined by Alameda Research's venture arm and CoinFund in September 2020.
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Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
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- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
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