Lead Investor Bain Capital Ventures Takes a Stake in Licensed Institutional Cryptocurrency Exchange CHICAGO, Sept. 12, 2018 (GLOBE NEWSWIRE) — Seed CX, the first licensed cryptocurrency exchange to offer institutional trading and settlement for both spot market and CFTC-regulated derivatives, today announced a $15 million Series B funding round. The round was led by Bain Capital Ventures, bringing Seed CX’s total funding to date to over $25 million. Seed CX will use the latest round of financing to expand its physical trading infrastructure, broaden its network of institutional trading groups, and more than double its team to close to 40 people, primarily in operations, market surveillance, and technology. “The growth of digital assets as an asset class will be based on the adoption of institutional investors and professional traders, who require a trading experience that is on par with that of other instruments, such as equities and commodities,” said Edward Woodford, Seed CX’s co-founder and CEO. “As a licensed exchange for both spot and derivatives trading, we deliver the operational risk safeguards, strong institutional technology, operational support, and regulatory compliance that institutions demand. What is particularly exciting is that our unique offering brings large institutional traders, who have so far… Read full this story
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