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Alameda-Backed Investment Platform Stacked Acquires Automated Trading Service
Terms of the deal were not disclosed.
Two automated cryptocurrency services have merged to make trading and investing even easier.
STORY CONTINUES BELOW
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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.
Zack Voell
Zack Voell is a financial writer with extensive experience in cryptocurrency research and technical writing. He has previously worked with leading cryptocurrency data and technology firms, including Messari and Blockstream. His work (and tweets) has appeared in The New York Times, Financial Times, The Independent and more. He owns bitcoin.
