Caspian Crypto Startup Completes ICO Ahead Of Schedule
Caspian institutional crypto platform reported in its blog on the pre-term ICO completion, the prime reason being the collection of the required capital in the amount of $19.5 million.
The Caspian platform has networked several of the largest crypto exchanges, allowing its customers to use their services in a single interface. The crypto platform offers its clients the necessary set of tools for working with digital assets, transaction processing algorithms, portfolio management, etc.
According to Robert Dykes and David Wills, the founders of Caspian, 40% of the raised capital will be allocated for the development and research of digital technologies on the crypto market. The other 25% will be used for the platform marketing, and the remaining 15% — for technical support of the system.
Wills, the operational director of the crypto platform, believes that the public sale of Caspian tokens is an important step towards the development of the digital platform and one of the key factors for creating the world's first institutional, full-fledged platform that will facilitate fast-developing crypto companies in the field of professional trading and investing.
Representatives from Canada, the UK, Singapore, Hong Kong, South Korea, and other countries were among the sponsors of the crypto platform. Caspian has already launched a beta version of its platform in order to demonstrate how much this type of platform is in demand for crypto exchanges and its participants. Caspian representatives stated that about 170 clients intend to participate in the platform project.
As previously reported, Coinbase and Caspian began to cooperate for the development of professional crypto trading.