TeraBlock, a machine learning-based trading platform, has announced the completion of a funding round with $2.4 million from leading investors. According to the press release, TeraBlock anticipates using the funds to support its Binance-powered automated trading system. The firm is focused on assisting novice crypto traders to realize consistent gains in a volatile market. Additionally, the platform also provides experienced traders with the necessary trading tools.
According to the company, the $2.4 million round was funded by leading investors including AU21, BSCPad,x21 Digital, PlotX, MoonBoots Capital, Node Kapital, Node Kapital, OroPocket, BTX Capital, Manticore Capital, Vezures, Stefan Andjelic, MarketAcross, PetRock Capital, Sheesha Finance, Master Ventures, Shima Capital, CryptoDormFund, Magnus Capital, Midas Ventures, Designated Capital, Brilliance Ventures and Blocksync Ventures.
In a note, Muhammad Ali, CCO TeraBlock indicated that the funds will go a long way in rolling out its automated crypto trading platform to the global market.
“We believe there is pent-up demand for a more comprehensive and easy-to-use solution for onboarding users to the cryptocurrency ecosystem. TeraBlock can support crypto users through their entire learning curve, giving them all the necessary tools and features under one roof.” Ali noted.
The cryptocurrency market provides immense opportunities for anyone but at the same time, the level of risks involved can see huge losses amassed in a short period. TeraBlock through its technology and automated complex trading strategies anticipates helping traders realize profits through the platform, especially during a high volatility market.
“With 99% of the world still to experience the crypto-paradigm, one of the primary gaps in the market is to provide the easiest possible ramp to move from Fiat to Crypto. There are innumerable options available, but TeraBlock is taking it to the next level,” said Ajeet Khurana, India’s renowned crypto expert and former head of the Blockchain and Cryptocurrency Committee (BACC). “TeraBlock can support crypto users through their entire learning curve, giving them all the necessary tools and features under one roof.”
Traders can deposit their cash through a bank card and purchase any of the supported digital assets instantly. Furthermore, users can swap between different digital assets through Binance rich liquidity securely.
“We are excited to partner with TeraBlock as they unveil a revolutionary portfolio automation system for digital assets. TeraBlock’s trade automation technology allows any investor to access leading computational strategies with the complete agency over their transaction frequency and risk tolerance.” said the AU21 team.