$16m Caspian Pre-Sale a Big Boost to Crypto Industry
Trading platform on course to spark institutional influx into cryptocurrency
Institutional-grade crypto trading platform Caspian, has raised US$16million in a pre-sale of its CSP token, it announced today. Accompanying this is the announcement that the platform is now live and no longer in beta testing.
Caspian also revealed it has 170 institutional-grade customers interested in on-boarding to its platform, with 15 customers already using it — perhaps the strongest signal yet that financial institutions are ready to embrace cryptocurrencies.
It’s significant news for a crypto investment community that is looking to Caspian — which has a community numbering almost 100,000 — to spark an influx of institutional investors that could in turn lead to rapid growth in the cryptocurrency market.
Caspian’s platform provides a single interface into all major crypto exchanges, as well as real-time and historical P&L and exposure tracking. The system has been designed to meet the needs of institutional investors who need to execute trades and maintain target allocations across many exchanges.
Pre-sale investors and customers include Galaxy Investment Partners, Global Advisors, Octagon Strategy, Kenetic, Techemy Capital and Bletchley Park.
Caspian recently entered into strategic partnerships with Blocktower and Galaxy Digital Capital Management, led by Bitcoin evangelist Mike Novogratz.
Novogratz said: “We believe institutional investors will drive exponential growth in the cryptocurrency market, and Caspian are becoming a big part of this story. We’re excited to be in partnership with them and expect exciting developments over the next few months.”
Caspian is now connected to over 24 different exchanges including Binance, Bitmex, Bitfinex, Gemini, Coinbase, Huobi and OKex.
Coinciding with public sale of the CSP token, the Caspian platform is now live and no longer in beta. This will give purchasers of the CSP token who have on-boarded to the Caspian platform the ability to maximise its utility from day one.
The public sale of the CSP token takes place on October 3, with interested parties encouraged to join the whitelist as soon as possible in order to avoid disappointment.
For more information, please visit: https://caspian.tech/caspian-token/
Currently residents of China, USA and UN Sanctioned countries are not allowed to participate.