Crypto Facilities takes $1.5m for digital asset trading

Digital asset trading platform Crypto Facilities has raised $1.5m in a seed round. The funding comes from an AngelList syndicate led by Humminbird Ventures partner and CoinSummit founder Pamir Gelenbe.

The London-based company aims to provide risk management and trading solutions to for digital assets such as bitcoin.

The company currently has an operating license from the UK’s Financial Conduct Authority (FCA) and says the new capital will be used in part to work more closely with US regulators in the hope of winning approval stateside as well.

Crypto Facilities will also use the funding to add new products and cryptocurrencies to its platform, as well as hire more staff.

The company’s founders have previously worked at Goldman Sachs and BNP Paribus. Since its launch it has partnered with banking transactions platform Ripple and it reportedly in discussion with Chicago-based derivatives marketplace CME Group to develop two new bitcoin price benchmarks.

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