BitOoda Secures $7 Million for Global Expansion

BitOoda, a crypto asset brokerage platform, has recently shut down its seed funding round after collecting $7 million. There were several personalities from big industries that became part of this financing round. One such person was Gary Ross, who is the founder of PIRA Energy and former head of global oil analytics at S&P Global Platts. Others were Roy Salame and Calvin Schlenker, former head of commodities sales and structuring at JPMorgan and former head of North American natural gas trading at British Petroleum respectively.

Statement From BitOoda's CEO

The chief executive of BitOoda, Tim Kelly, has commented that he was much inspired by the explosion of interest in the unique business model of BitdOoda. Also, the recognition of their exceptional achievement in bringing sophisticated, new products to the digital asset market buoyed the company’s morale. According to Tim Kelly, the fresh proceeds will be used in expanding the company’s presence in the United States and also in the international markets of Europe and Asia.

Kelly also stated that they are always trying to do things their competitors are not doing. They mainly put their attention on creating new market sectors, where their team's unique skills in physics, engineering and market capital can be utilized efficiently. The seed round will produce several growth opportunities, which is very inspiring for them. They are also planning to position themselves in meeting the rising demand for their innovative solutions in the USA, Europe and Asia.

Giving Best Crypto Deals To Institutions

BitOoda came into existence in 2017. It is a platform from New Jersey that mainly serves institutional clients. BitOoda works as an agency broker, and it offers its clients the best execution deals when performing crypto trades. Besides that, BitOoda has shown its involvement in the design and execution of bitcoin difficulty financial swap, which increased its offerings in financial services.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

BitOoda Secures $7 Million for Global Expansion

Shailesh Panwar

Shailesh is an ardent follower of the crypto world and keenly watches every development taking place in the cryptocurrency space. He loves to voice his opinions through well-curated blogs and articles, which throw light on different facets of the crypto industry.