Caspian labels $16m pre-sale a ‘big boost’ to crypto industry

It says that it’s on course to spark an institutional influx into the cryptocurrency space

Crypto trading platform Caspian has raised $16 million in a pre-sale of its CSP token. And its platform is now live, having moved beyond the Beta testing phase.

Significant interest

The venture claims to have 170 institutional-grade customers interested in onboarding to its platform, with 15 customers already using it. This 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 says: “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. The public sale of the CSP token takes place on 3rdOctober. For more information, visit: https://caspian.tech/caspian-token/

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