SignalPlus, a crypto trading software provider based in Asia, has raised US$11 million in its series B funding round.

The round was led by AppWorks and OKX Ventures, with additional contributions from Avenir Group and HashKey.

Founded in 2021, SignalPlus focuses on providing institutional-grade trading tools for the crypto derivatives market.

Its products, including QuantLab and the Trading Terminal, are used by major exchanges and trading firms like Binance, Bybit, Deribit, OKX, and Paradigm.

The company plans to use the funds to enhance its offerings in quantitative trading and proprietary risk management.

Additionally, SignalPlus aims to expand its global presence through increased hiring and the allocation of resources.