Cryptocurrency trading software provider Talos raises $45 million, with participation from Robinhood, a16z, and others

According to CoinDesk, Robinhood participated in the Series B funding extension of the crypto trading platform Talos, which is valued at approximately $1.5 billion. This round of financing totaled $45 million, with new strategic investors including Sony Innovation Fund, IMC, QCP, and Karatage, while returning investors such as a16z crypto, BNY, and Fidelity Investments also participated.

Johann Kerbrat, Senior Vice President and General Manager of Robinhood's crypto business, stated that Talos's flexibility and rapid adaptability will help Robinhood deepen liquidity and provide more advanced features for crypto clients.