Bitcoin derivatives exchange Bitnomial is seeking to raise $10 million in Series B financing

According to The Block report, Bitcoin derivatives exchange Bitnomial is seeking to raise US$10 million through Series B financing to promote the company’s further development, such as expanding its team, launching a new retail clearing business, and expanding its bitcoin-related product suite. People familiar with the matter said that Bitnomial is currently communicating with potential investors. Lianwen previously reported that Bitnomial obtained the Designated Contract Market (DCM) license issued by the US Commodity Futures Trading Commission (CFTC) in April this year, which means that the exchange can start trading bitcoin futures and options contracts in the United States. According to the official website, Bitnomial was established in 2014 to establish a trading market for institutional traders and native digital asset hedgers. It has previously raised US$7 million in two rounds of financing. Investors include Jump Capital, Coinbase Ventures, DV Chain, RRE Ventures, Digital Currency Group, ValueStream Ventures, Indicator Fund and other individual investors.