Strix Leviathan: Institutional Crypto Investment Platform?
Strix Leviathan is an institutional crypto investment platform that aims to make it easier for institutional investors to trade cryptocurrencies. Find out how it works today in our review.
What Is Strix Leviathan?
Strix Leviathan, found online at StrixLeviathan.com, is an institutional-grade algorithmic investment management platform designed for cryptocurrency markets. The platform executes programmable automated trading strategies based on technical analysis performed by its proprietary algorithms.
The platform was created by a team of technologists and data scientists who applied “decades of computing knowledge, cloud and infrastructure experience and entrepreneurial acumen to build something bordering on mythical.” That team is based in Seattle.
The name “Strix”, by the way, comes from mythology. Here’s how the official website explains it:
“In the mythology of classical antiquity, [Strix is] an owl of ill omen, the product of metamorphosis. Always watching…always listening.”
A leviathan, meanwhile, is a sea monster.
Strix Leviathan isn’t specifically a cryptocurrency exchange. Instead, it’s a management platform for institutional investors. It interfaces with multiple cryptocurrency exchanges through an API, allowing users to enjoy maximum liquidity even when making larger trades. Strix Leviathan also has a “data ingestion engine” that takes in data from multiple sources, then allows users to access, license, and utilize that data to create their own models and engines.
Strix Leviathan was launched in January 2018 as a self-funded startup. In March 2018, however, the company closed a $1.625 million funding round.
How Strix Leviathan Institutional Crypto Investment Platform Works
Strix Leviathan is an institutional-grade cryptocurrency investment platform. Like other institutional platforms, Strix Leviathan aims to cater towards large-scale investment firms and similar institutions.
With that goal in mind, Strix Leviathan emphasizes strong security, ease of use, and an execution engine capable of processing high volumes via APIs. The platform also allows for easy customization: institutional firms can use the platform to create their own trading strategies based on data collected by the platform. And, like all good institutional platforms, Strix Leviathan emphasizes strong liquidity, allowing customers to maximize liquidity by trading across multiple cryptocurrency exchanges simultaneously.
The company’s three core products include a data ingestion engine that pulls in relevant data across a multitude of sources, algorithmic trading strategies based on this data (including data that others can license and utilize), and an order gateway that allows the service to execute trades across popular cryptocurrency exchanges. Here’s a detailed look at each product:
Data Ingestion And Transformation:
Strix Leviathan has a proprietary “data ingestion engine” that pulls trading data from multiple diverse sources – including a range of exchanges. Data categories include live order data, order books, and sentiment. The algorithm then abstracts away the nuanced differences between each source, normalizing the data sets that are most useful for customers seeking to develop trading strategies. Users can license this data to create their own trading strategies and models.
Proprietary Trading Algorithms:
Strix Leviathan uses AI and machine learning on its own data sets to develop proprietary trading algorithms for the cryptocurrency markets. These strategies are catered to the volatile cryptocurrency industry. Strix Leviathan combines these algorithms with its trade execution engine via APIs.
Trade Execution Engine:
Strix Leviathan has a reliable trade execution engine with enterprise-grade features. The engine can handle invalid API responses while maintaining an understanding of account balances across exchanges. The engine uses a single API to trade across multiple exchanges, allowing customers to enjoy the best possible liquidity.
Who’s Behind Strix Leviathan?
Strix Leviathan was co-founded by Sadie Raney (Operations), Ryan Tomayko (Engineering), Steve Alkire (Data Science), Jesse Proudman (CEO), and Lee Huffman (Technical Operations). The company’s CEO, Jesse Proudman, has 20 years of experience as a founder and startup executive. You can view his LinkedIn profile here.
Strix Leviathan is based in Seattle. The company made headlines in March 2018 after raising $1.625 million for its trading platform. That funding round was led by Joe Montana’s Liquid 2 Ventures (yes, the football player).
Strix Leviathan Conclusion
Strix Leviathan is an enterprise-grade crypto trading platform that aims to make cryptocurrency investing more accessible to investment firms. Key features of the platform include its trade execution engine, its proprietary trading algorithms, and its data ingestion engine. These tools work with the API to allow institutional investors to trade cryptocurrencies across multiple exchanges.
The exchange made headlines in March 2018 for raising $1.625 million in funding. However, the platform appears to still be in the early stages of development. To learn more about the platform and how it works, visit online today at StrixLeviathan.com.