SignalPlus, an Asia-based crypto trading software service provider, has secured $11 million in its series B financing round as it aims to expand globally.

The company said in a Friday announcement that the funding round was led by AppWorks and OKX Ventures, with participation from Avenir Group and HashKey.

Founded in 2021, SignalPlus provides institutional-grade trading tools in the crypto space, enabling users to navigate the trading of crypto derivatives. Its products include QuantLab and the Trading Terminal. Its products are used by exchanges and trading firms such as Binance, Bybit, Deribit, OKX and Paradigm.

“Building on our momentum and with the support of our investors, SignalPlus is poised to enter the new year as a key player in driving the continued evolution and institutionalization of crypto derivatives,” said Chris Yu, co-founder and CEO of SignalPlus.

With the newly raised capital, the company plans to expand its product suite across quantitative trading and proprietary risk management. It also intends to expand its global presence with additional staffing, according to its statement.

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