CoinRoutes, an algorithmic trading platform for digital assets, has completed a $16mm Series B funding round, led by Ayon Capital.

The funding round includes investments from Susquehanna International, Cboe Global Markets, Celsius, CMT Digital, Genesis Global Trading, Galaxy Digital, Arca, Mirana Ventures (venture partner of Bybit and BitDAO), GSR Markets, AscendEX, and others.

CoinRoutes was founded in 2017. It was built from the ground up to handle the unique market structure of crypto-assets as a leading provider of algorithmic trading strategies and execution management systems.