Already 2,615 people have seen this company's branding and they are being followed by 6 Storybook user.In average the company has been rated 5.0 points ja kommenteeritud 3 korda.

's activity report 2022

3Commas is a leading software solution that offers cryptocurrency trading automation and portfolio management software for both individual traders and institutional investors. The platform allows users to optimize trading strategies, manage digital asset portfolios, and efficiently execute transactions on multiple cryptocurrency exchanges.

3Commas' advanced tools, including automated trading robots, smart trading terminal, portfolio management features, risk management options, and copy trading features, satisfy the various needs of cryptocurrency traders and investors.

3Commas was established in 2017 and has since grown into one of the largest trading automation software solutions worldwide. It is trusted by over a hundred thousand traders and several exchange partners. As the company's

SaaS nature implies, 3Commas does not store or own the right to withdraw clients' funds - clients deposit their funds on their chosen exchange accounts. 3Commas systems are designed to reliably and automatically execute purchase and sale orders specified by clients.

2022 brought several significant challenges to the cryptocurrency sector. Although the sector continued to raise capital and launch new innovative companies, the entire sector faced several issues that affected its stability, regulatory environment, and public perception.

Market volatility, regulatory uncertainty, security incidents, frauds and scams, extensive bankruptcies, and financial infrastructure limitations affected the sector's growth and public perception. Unfortunately, these negative trends also affected 3Commas' operations and financial results.

At the end of 2022, 3Commas fell victim to a high-level hacker attack, resulting in a large number of clients' exchange account API keys falling into the hands of hackers. This caused significant disruptions in 3Commas' operations and significant reputational damage. This incident is being investigated by consultants hired by 3Commas as well as law enforcement agencies in various countries.

As of December 31, 2022, the company had 72,000 monthly active clients (40% less than the previous year) and sales revenue of 20.5 million euros (11% less than the previous year). The company showed a net loss of 12.54 million euros for the fiscal year (200% less than the previous year).

The financial results for 2022 were largely influenced by significant investments in personnel, their relocation (due to the Ukraine-Russia war), technology, infrastructure, and testing of new products. While these investments help create a better customer experience, attract more customers, and increase trading volumes, not all projects materialized as expected. Starting from the fourth quarter of 2022, the company began optimizing costs, reducing certain teams, and freezing less promising projects. These efforts will continue into 2023.

year.

Despite the negative results of 2022, 3Commas remains well-capitalized and in a good position to overcome market instability and uncertainty, and continue product development and investments in new areas.