BitOoda Crypto Broker Raised $7 Million for Global Expansion
The American cryptocurrency broker BitOoda received a fund infusion of $7 million. The official press release informs, a huge number of traders who specialize in raw materials and energy products participated in this financing. There also were such famous persons as:
  • Gary Ross, former Head of Global Oil Analytics and Chief Energy Economist at S&P Global Platts, as well as the founder of PIRA Energy;
  • Roy Salame, former Managing Director, Head of Global Investment Opportunities Group, and Head of Commodities Sales and Structuring at J.P. Morgan;
  • Calvin Schlenker, former Head of North American Natural Gas Trading at British Petroleum.
Recall that the company BitOoda was founded relatively recently, in 2017, it is aimed at providing brokerage services for institutional investors. Besides, BitOoda has risk hedging tools for people who are mining cryptocurrencies. According to the company, the funds received will be used to expand activities in the US, as well as to enter the markets of Europe and Asia.