The US based algorithmic trading software provider, CoinRoutes has just secured a $3m investment from cryptocurrency brokerage and custodian Bitcoin Suisse. This is great news for the pioneering digital asset firm, as it is one of the first to provide investors and legal entities the ability to see ‘depth or market’ for digital asset prices across a variety of crypto exchanges.
This allows investors to choose the best available price across exchanges and ensure they are receiving the most cost-effective trading conditions. Likewise, CoinRoutes provides the ability to measure ‘best execution’ among cryptocurrencies to compare pricing against a composite of available rates from all reputable exchanges.
Considering that CoinRoutes plans to launch a retail version of their software package in the near future, the new investment from Bitcoin Suisse is surely going to be an added benefit for a strong future rollout.