Portofino Technologies, a crypto startup, on Thursday officially launched its high-frequency cryptocurrency trading platform after getting funding from various venture and trust funds. Portofino was founded by ex-Citadel executives Alex Casimo and Leonard Lancia in 2021. The company on Thursday also said that it had raised $50 million in funding from Valar Ventures, Global Founders Capital, and Coatue. Portofino develops crypto-focused high-frequency trading tech which is most frequently used by hedge funds. The company has about 35 employees in 5 locations across the globe.
