Crypto agency broker BitOoda secures $ 7 million seed round investment

Author: Xiu MU

Source: Tweet bitpush.news

Crypto broker BitOoda announced that it has received a $ 7 million seed round investment.

According to The Block, a number of energy and commodity traders have participated in BitOoda's financing, including S & P global Platts head of global oil analysis and PIRA Energy founder Gary Ross, and former head of British Petroleum's North American gas trading unit Calvin Schlenker and Roy Salame, former head of commodity sales and structure at JP Morgan Chase.

The company's founder and CEO Tim Kelly said that with the new funding, BitOoda plans to expand its solutions in the US, Asia, and Europe to meet growing demand.

Founded in 2017, BitOoda positions itself as a digital asset financial services platform that combines digital finance and applied science. The two main products the company plans to design and execute include BitOoda Difficulty, a financial swap transaction, and BitOoda Hash, a physical hash contract.

The company is registered as a broker-dealer with the Securities and Exchange Commission and the Financial Industry Regulatory Authority, and as an introducing broker with the Commodity Futures Trading Commission and the National Futures Association.

BitOoda also released the latest Global and Regulatory Analysis report on Monday, which states that the US cryptocurrency bill 2020 is "the most promising regulatory development in the United States in the near future."

Reprint must indicate the source.

Disclaimer: All articles in Bibei represent the views of the author and do not constitute investment advice. Investment is risky and risky.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Hong Kong Stock Exchange with cross-border marriage: will enter digital asset trading within three years

On September 11, the Hong Kong Stock Exchange suddenly announced that it intends to issue a merger proposal to the Lo...

Blockchain

Research Report | Blockchain Economics Panorama and Future: Exchange Compliance

Author: BlockVC industry research team Source: BlockVC Editor's Note: The original title is "Postal Chain E...

Blockchain

Discussing the SEC's lawsuit against Binance: Years of regulatory balance disrupted, optimistic about the final outcome

Currently, the SEC and Binance's feud only reflects one fact: the imbalanced "ambiguous" regulatory relationship in t...

Blockchain

Why do institutional investors use the exchange Bakkt as the gateway to the world of encryption?

Bakkt, the cryptocurrency exchange initiated by ICE, the parent company of the New York Stock Exchange, has officiall...

Blockchain

Who is the information of the user who sells the coin? What have the leaked information been taken?

While enjoying the convenience of the Internet, it also makes privacy data a step closer to streaking. Recently, many...

Policy

FTX Customers Buckle Up! $9B Shortfall Claim Payout Expected to Roll Out by Mid-2024

Good news for fashion lovers! FTX has reached a settlement with their debtors and creditors, potentially returning $9...