What CoinRoutes does

CoinRoutes is a Miami-headquartered institutional digital asset trading platform founded in 2017. The company provides algorithmic execution, portfolio and risk management, trade cost analysis, and a unified order management system to institutional clients, including crypto trading firms, asset managers, proprietary traders, OTC/agency desks, portfolio managers, and prime brokers. The platform connects to 60+ global markets spanning centralized exchanges (Binance, Coinbase, OKX, Kraken, Bybit, Bitstamp, Crypto.com, Deribit), decentralized exchanges (Uniswap, dYdX, Hyperliquid, GRVT), traditional venues (CME Group), and institutional liquidity providers (FalconX, Wintermute, B2C2, Galaxy Digital, Crossover Markets), supporting 1,000+ trading product pairs across crypto spot, perpetual swaps, options, CME futures, tokenized equities, real-world assets (RWAs), prediction markets, and FX.

The platform's core technology is built around a set of execution algorithms purpose-built for crypto's fragmented, 24/7 market structure, including Time-Weighted Average Price (TWAP), Range, and Smart Order Router. These algorithms sit within a unified OMS that provides real-time P&L tracking, multi-account and multi-venue position visibility, post-trade slippage analysis versus Far/Mid/VWAP benchmarks, and TradingView-powered charting. Clients access the platform via GUI or APIs, supporting market-neutral, arbitrage, discretionary, and systematic strategies.

CoinRoutes operates a B2B enterprise SaaS revenue model, charging platform/subscription fees to institutional clients on a recurring basis. Go-to-market is direct enterprise sales initiated through a 'Request Demo' inquiry flow, with quote-based pricing (no public rates disclosed). The company reports facilitating over $6 billion in monthly trade volume and was self-reported profitable as of October 2021. Capital has been raised across a 2019 funding round led by Bitcoin Suisse and a $16M Series B in March 2022 led by Ayon Capital at a $70M valuation, with institutional participation from Susquehanna International, Cboe Global Markets, Galaxy Digital, and others; a strategic investment from Avenir Group was announced in February 2026.

Name

CoinRoutes

Legal name

CoinRoutes

Website

https://coinroutes.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

CoinRoutes is an institutional digital asset trading platform providing algorithmic execution and portfolio management across 60+ global crypto markets. Founded in 2017 and headquartered in Miami, the company serves crypto trading firms, asset managers, prop traders, and prime brokers.

Ownership category

akta.pro rank

Product category

Institutional Crypto Trading Platform

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Digital Asset/Crypto Trade Execution Platforms (FSAFANAO)

akta.pro secondary industry

Portfolio Management Systems (PMS), Rebalancing & Analytics (Crypto) (FSADAHAE)

Keywords

• Algorithmic trading platform
• Crypto execution algorithms
• Portfolio risk management
• Smart order routing
• Multi-exchange trading

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Platform/SaaS Fees: CoinRoutes generates revenue through platform fees charged to institutional clients for access to their algorithmic trading execution tools, portfolio management, and multi-exchange connectivity. The company was reported as profitable in October 2021.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

CoinRoutes provides an institutional algorithmic trading platform for digital assets that unifies portfolio, risk, execution, and order management into a single system. The platform enables institutional clients to trade crypto spot, perpetual swap futures, options, CME futures, tokenized equities, RWAs, Prediction Markets, and FX across 60+ global markets via APIs or GUI, using a suite of 10+ execution algorithms purpose-built for crypto market structure. Core capabilities include real-time portfolio and risk management, smart order routing, and trade cost analysis with slippage and benchmark reporting.

Product overview

CoinRoutes is an institutional algorithmic crypto trading platform built as a unified platform architecture. The core CoinRoutes Trading Platform provides unified portfolio, risk, execution, and order management system, supplemented by execution algorithm modules (including TWAP, Range, and Smart Order Router) and analytical modules (Trade Cost Analysis, Portfolio & Risk Management). The platform integrates with over 60 global markets spanning crypto spot, perpetual swap futures, options, CME futures, tokenized equities, RWAs, Prediction Markets, and FX. Users can execute via GUI or APIs and employ market-neutral, arbitrage, discretionary, and systematic trading strategies.

Differentiator

Problem solved

Functional benefit

Products and services

• CoinRoutes Trading Platform Institutional algorithmic crypto trading platform providing a unified portfolio, risk, execution, and order management system. Supports trading via APIs or GUI across crypto spot, perpetual swap futures, options, CME futures, tokenized equities, RWAs, Prediction Markets, and FX on 60+ global markets, with market-neutral, arbitrage, discretionary, and systematic strategy execution.
• Portfolio & Risk Management Real-time position monitoring, P&L tracking, and risk management across all accounts and venues within the CoinRoutes platform, providing complete visibility and control for institutional traders managing multiple strategies and books.
• Execution Algorithms (TWAP, Range, Smart Order Router and others) Suite of 10+ battle-tested execution algorithms within the CoinRoutes platform, including TWAP, Range, and Smart Order Router, purpose-built and optimized for crypto's unique market structure to improve execution quality across connected venues.
• Trade Cost Analysis Execution quality measurement tooling within the CoinRoutes platform that provides detailed slippage analysis, benchmark comparisons, and comprehensive post-trade reporting against vs Far, vs Mid, vs VWAP, vs Order, and vs Cost benchmarks.

Quantifiable outcome

• Over $6 billion in monthly trade volume facilitated
• +2 more outcomes

Named customers1 record

Segments6 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration28 records

Feature6 records

Scale indicators7 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Talos: Institutional digital asset trading platform providing OMS, EMS, and smart order routing across multiple venues. Closest direct competitor to CoinRoutes, serving asset managers, prop traders, and prime brokers with similar multi-venue execution infrastructure.
• Elwood Technologies: Institutional crypto trading platform founded by Alan Howard, offering execution, portfolio management, and risk tools across venues. Directly comparable to CoinRoutes in targeting asset managers and hedge funds with multi-exchange connectivity.
• SFOX: Institutional crypto prime brokerage and execution platform offering smart order routing across multiple venues. Competes with CoinRoutes for institutional clients needing aggregated liquidity and best-execution tools.

Broad incumbents

• FalconX: Crypto-native prime brokerage offering execution, credit, and custody. Overlaps with CoinRoutes on institutional execution but bundles a broader service suite (credit, custody), competing for the same asset-manager and trading-firm wallet.
• Wintermute: Leading crypto market maker and OTC liquidity provider. While primarily a principal trading firm, Wintermute offers OTC/execution services to institutional clients that compete with CoinRoutes' aggregated execution model.
• Galaxy Digital: Full-service digital assets financial services firm offering trading, asset management, and prime brokerage. Also a CoinRoutes investor; competes for institutional execution wallet via its prime brokerage franchise.
• B2C2: Institutional crypto liquidity provider and OTC desk. Competes with CoinRoutes on institutional execution quality while also serving as an integrated liquidity source within the CoinRoutes platform itself.
• Cumberland (DRW): Institutional crypto trading arm of DRW, providing large-block liquidity and execution services. Competes with CoinRoutes for institutional flow while also functioning as a liquidity source for execution platforms.

Emerging players

• Fireblocks: Institutional digital asset custody and connectivity platform with an execution-adjacent offering. Competes indirectly by bundling connectivity and workflow tools that overlap with CoinRoutes' OMS/EMS functionality for institutional clients.
• Finery Markets: Crypto OTC liquidity aggregator and ECN for institutional clients. Competes with CoinRoutes in the smart-order-routing and aggregated-execution layer, with overlap in prime broker and OTC desk client segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/coinroutes
• YouTubeyoutube.com/@coinroutes
• LinkedInlinkedin.com/company/27111526

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds4 records

Investors16 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CoinRoutes