Hummingbot
An open-source algorithmic trading platform for cryptocurrency markets, enabling decentralized market making and automated trading strategies.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
$8.0m | Series A | ||
| Total Funding | 000k | ||
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Hummingbot is a software company established in 2019 by co-founders Michael Feng, Carlo Las Marias, Martin Kou, and Yvonne Zhang. The founding team brings a wealth of experience from the traditional finance sector, with a combined 22 years in investment banking and trading at firms like Goldman Sachs and JP Morgan.
The company originated from the founders' work on a quantitative hedge fund in 2017. Recognizing the significant liquidity challenges within the cryptocurrency market, they pivoted to create Hummingbot. The platform is designed to empower individuals and entities to act as market makers, thereby enhancing liquidity across various crypto exchanges.
Hummingbot operates on an open-source business model, providing a framework for users to develop, test, and deploy their own automated trading bots. The software is particularly focused on market-making and arbitrage strategies. Its modular architecture is a key feature, allowing a community of developers to contribute new exchange connectors and trading strategies to a shared codebase. This collaborative approach fosters a continuously improving and adaptable platform.
The Hummingbot client offers a range of functionalities, including tools for designing and backtesting trading algorithms. For more advanced users and developers, the platform provides the flexibility to build custom tools and strategies. While the initial versions were geared towards those with a technical background, the company has indicated a long-term vision to make the platform more accessible through graphical user interfaces.
Hummingbot also operates the Hummingbot Miner, a platform that rewards users for providing liquidity to specific token pairs on various exchanges. This creates a marketplace for liquidity, where token issuers can source liquidity for their tokens, and users can earn rewards for running market-making bots.
Keywords: algorithmic trading, crypto market making, open-source framework, liquidity mining, arbitrage strategies, decentralized finance, trading bots, quantitative trading, digital assets, financial markets