As crypto trading grows more popular, people are seeking user-friendly self-managed trading platforms. That’s the gap Glider aims to bridge.
Decentralized Finance (DeFi) platforms are currently not as advanced as their centralized exchange (CEX) counterparts, mostly because they lack user-friendly functions. To bridge this gap, venture capital firm Andreessen Horowitz spearheaded a $4 million investment round for Glider, a platform that offers self-custody for crypto trading within the DeFi ecosystem.
The system integrates Artificial Intelligence (AI) with Decentralized Finance (DeFi). Essentially, this means that AI will be utilized to streamline users’ financial management tasks, allowing them to execute trades automatically rather than manually performing each one. This could encompass selecting a handful of cryptocurrencies, popular tokens, or a variety of digital assets according to specific guidelines.
Concurrently, users maintain complete control of their assets, enhancing the platform’s security measures. This unique aspect differentiates Glider from similar asset management companies like Bitwise and Grayscale, according to Brian Huang, one of the company’s founders.
Brian Huang from Glider explains that our approach is similar to traditional financial advisors, but unlike them, we operate entirely in a non-custodial manner.
Glider plans to launch in the coming months
In the funding round, we had Coinbase Ventures, Uniswap Ventures, and GSR as participants. Yet, the company didn’t reveal the valuation at which these funds were acquired. Furthermore, it’s important to note that despite Glider not launching its product yet, these firms decided to invest in them.
Even though Glider is currently refining its tech, it plans to debut its platform within the next few months. The business intends to generate revenue by collecting a management fee and earning a portion of the funds supervised on behalf of its clients.
Last year, artificial intelligence (AI) has been a significant focus in venture capital investments. Simultaneously, investors are growing more accustomed to incorporating AI in their financial decisions. For example, a survey conducted in 2023 revealed that approximately one-third of U.S. investors are now open to accepting investment guidance from an AI tool with generative capabilities.
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2025-04-16 21:45