Bitcoin Trading Company bcause Closes Series A Led by SBI Holdings

October 16, 2017

12:20 pm

Bitcoin and other cryptocurrencies have been the talk of the financial world for a few years now. While big banks and notable minds have condemned the revolutionary digital currency has a bad idea, more and more industries are adopting it into their platforms. And if you want to get in on the ground floor, you’re probably too late. But the second and third floors are still ripe for the picking, and this company can help.

Bitcoin trading company, bcause, knows that cryptocurrency isn’t just an asset; it also acts as a currency and, more importantly, a stock. This means that, as an asset, Bitcoin could notably appreciate, giving traders a new avenue for success. And with bcause, you’ll be able to get in on the action, which is why Tokyo-based SBI Holdings has made such a notably investment in the company.

“Our investment into bcause will help them become the first US-regulated Designated Contracts Market exchange in the cryptocurrency derivatives market in the United States that can be provided for retail investors and will support the creation of a digital currency ecosystem in the strategic US market.” said Yoshitaka Kitao, Representative Director, President, and CEO of SBI Holdings, Inc., in a press release. “This is an important, long-term partnership that will advance the development and wide spread use of digital currencies around the world.”

According to the press release, SBI Holdings has agreed to acquire a 40 percent holding in bcause LLC and plans to provide significant amounts of cryptocurrency mining gear to be co-located at bcause’s mining operations in Virginia Beach, Virginia. And, from the sounds of it, bcause is pretty excited about the investment.

“We are really excited to partner with SBI Holdings. Their success in Asia is well respected and we are honored to have them as both an investor and a strategic partner. Their deep experience operating markets in Asia sets them apart from the many other potential investors that we considered,” said Frederick Grede, CEO of bcause.

 

“This investment and this partnership will allow bcause to bring multiple pieces of the missing puzzle to the cryptocurrency ecosystem. Today, if you hold Bitcoin or any Alt coin, and want to hedge the risk of holding that currency, your options are virtually non-existent. In a world with bcause, you will be able to mine coin, buy, and sell on our spot market, and once approved by the Commodity Futures Trading Commission, be able to buy and sell a variety of derivative product types that will allow you to mitigate the risks from price fluctuations.”

Read more about Bitcoin and cryptocurrency on TechCo

Did you like this article?

Get more delivered to your inbox just like it!

Sorry about that. Try these articles instead!

Conor is a writer, comedian and world-renowned sweetheart. As the Assistant Editor and Writer at Tech.Co, he’s written about everything from Kickstarter campaigns and budding startups to tech titans and innovative technologies. His background in stand-up comedy made him the perfect person to host Startup Night at SXSW and the Funding Q&A at Innovate! and Celebrate, posing questions to notable tech minds from around the world. In his spare time, he thinks about how to properly pronounce the word "colloquially." Conor is the Assistant Editor and Writer at Tech.Co. You can email him at conor@tech.co.

Leave a Reply

  • (will not be published)
Startup_Mixology_300x250