Robinhood Joins Talos Series B Round for Crypto Expansion

Robinhood has invested in Talos’s Series B extension round, contributing to the crypto infrastructure provider’s $1.5 billion valuation, alongside investors like Sony and Fidelity.

This investment reflects growing institutional demand for crypto infrastructure, underscoring Robinhood’s commitment to blockchain integration and expanded crypto offerings.

Robinhood and Sony Lead $45M Talos Funding Boost

Robinhood’s investment in Talos marks an expansion into institutional-grade crypto infrastructure, following Talos’s extension of its Series B funding round by $45 million. New investors, including Sony Innovation Fund, added fresh backing alongside existing supporters like a16z crypto and Fidelity Investments.

Talos’s valuation now stands at $1.5 billion, representing growing demand for sophisticated crypto trading infrastructure among institutional investors. The funding will likely accelerate Talos’s product expansion, risk management tools, and tokenized assets support.

BingX offers exclusive rewards and top-tier security for new and high-volume crypto traders.

Institutional Crypto Demand, ETH Market Analysis

Did you know? Talos previously raised $105 million in May 2022, marking a consistent growth trajectory as demand for crypto trading infrastructure continues to rise.

Ethereum (ETH) presently trades at $2,795.99 with a market cap of $337.46 billion, holding an 11.81% dominance. Trading volume rose by 34.10% to $34.09 billion amidst fluctuations, as reported by CoinMarketCap. Over 90 days, ETH saw a 27.99% price drop.

The Coincu research team anticipates potential growth in institutional transactions due to Talos’s evolving capabilities. Historical trends suggest ongoing advancements in crypto trading infrastructure as institutional demand grows.