Portofino Technologies, a crypto market maker founded by a former Citadel Securities executive, has raised $50 million, with Valar Ventures and others joining

According to BlockBeats, on September 15, according to The Block, Portofino Technologies, the crypto market maker founded by former Citadel Securities executives Leonard Lancia and Alex Casimo, has raised $50 million, The round was backed by Valar Ventures, Global Founders Capital, and Coatue. Founded in April 2021, the company is developing technology for high-frequency trading of digital assets and has already completed billions of dollars of trades in CEX, DEX, and over-the-counter trading. The company could compete with other cryptocurrency market makers like Wintermute, B2C2, and Jump Trading, according to reports.