Institutional crypto platform Caspian raises $16m

The company also revealed its cryptocurrency-trading platform is now live.

Caspian has raised $16m in the presale of its CSP token, the crypto-trading platform announced today. The token will be on sale to the public on 3 October.

The presale has attracted customers such as Global Advisors, Kenetic and Bletchley Park.

Additionally, it has announced that its platform has now gone live after transitioning from its beta version. Caspian is hoping that the news will attract the attention of the institutional investment community and will lead to rapid growth within the crypto market as a result.

The platform is a single interface that connects with 24 crypto exchanges including Binance, Bitmex and Gemini and allows you to track pricing and exposure. They have 170 institutional-grade customers showing interest in on-boarding the platform with 15 customers already actively using it.

The CSP token, once live, will be perfectly compatible with Caspian’s platform to easily track its performance and trade from day-one for those customers who have already on-boarded the platform.

Mike Novogratz, who led Caspian’s partnerships with Blocktower and Galaxy Digital Capital Management 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.”