Crypto trading platform Caspian raises $16 million in token pre-sale

Institutional-grade cryptocurrency trading platform Caspian announced it has raised USD $16 million in the pre-sale for its CSP token. The company also reported that the software is out of beta testing and is now live.

The platform is currently connected to over 24 different exchanges including Binance, BitMEX, Bitfinex, Gemini, Coinbase, Huobi, and OKex. Caspian says it has over 100 customers interested in onboarding, with 15 customers already using it.

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.

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