Glider Secures $4M to Revolutionise Automated Crypto Trading Solutions

Glider, a New York-based Web3 startup, has raised $4 million led by Andreessen Horowitz to automate crypto trading. The platform will use AI to help users manage investments without brokers. It aims to retain user asset control using blockchain technology while offering tailored portfolio strategies. Glider is set to launch soon and plans to charge management fees from users.

Glider, a New York-based Web3 startup, has successfully raised $4 million to enhance its automated crypto trading and swapping platform. The funding round was led by Andreessen Horowitz (A16z) with contributions from Coinbase Ventures, Uniswap Ventures, and GSR. As part of its growth strategy, Glider will also join A16z’s Crypto Startup Accelerator programme in San Francisco this Spring.

The startup is committed to developing a platform that empowers users to invest in cryptocurrency without reliance on brokers or centralised exchanges. By leveraging artificial intelligence (AI), Glider intends to automate trading and offer tailored investment strategies. Users can build portfolios similar to Exchange-Traded Funds (ETFs) or hold trending tokens specific to particular chains, according to co-founder Brian Huang.

Co-founder John Johnson emphasised that Glider’s objective is to enable users to fine-tune their portfolios according to individual risk profiles and investment preferences without needing to execute trades manually. Currently, the platform is undergoing testing, with a launch planned in the coming months. Revenue will be generated through management fees based on the assets users hold.

Unlike traditional digital investment platforms, Glider will not hold users’ assets but will utilise blockchain technology to ensure that users retain control over their investments at all times. This approach mimics the relationship with traditional financial advisors, but in a completely non-custodial way, as outlined by Huang.