Caspian, a cryptocurrency trading platform targeting institutional investors, says it has raised USD $16 million a pre-sale of their CSP token. Investors take note: the initial coin offering is not available in both the US and China. A public sale is scheduled for October 3rd.
Caspian says their trading platform is “on course to spark institutional influx into cryptocurrency” even as the global crypto market has softened in recent months. The platform is now live and no longer in beta testing.
Caspian reports that “170 institutional-grade customers” are interested in on-boarding to its platform, with 15 customers already using it. Caspian claims a community of almost 100,000.
Caspian seeks to provide a single interface into all major crypto exchanges, as well as real-time and historical P&L and exposure tracking. The system is described as being designed to meet the needs of institutional investors who need to execute trades and maintain target allocations across many exchanges.
Caspian states that pre-sale investors and customers include Galaxy Investment Partners, Global Advisors, Octagon Strategy, Kenetic, Techemy Capital and Bletchley Park. The platform is connected to “over 24 different exchanges including Binance, Bitmex, Bitfinex, Gemini, Coinbase, Huobi and OKex.”
Caspian recently entered into strategic partnerships with Blocktower and Galaxy Digital Capital Management, led by Bitcoin evangelist Mike Novogratz.
Caspian is now connected to over 24 different exchanges including Binance, Bitmex, Bitfinex, Gemini, Coinbase, Huobi and OKex.
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