BitOdaa Raises Funding of $7Million and Plans to Extend

By StartUp City | Monday, January 06, 2020

BitOoda Raises $7 Million Seed funding and builds bluff, what haven’ that Funding for its global expansion.

FREMONT, CA: BitOdaa is a NJ-based digital asset financial services platform. The company offers complete executions services, market analysis, and risk management by combining digital finance and applied science. 

BitOoda raised funding worth $7million from reputed business investors; these included executives from JPMorgan, the former management of global oil analytics at S&P Global Patts, Garry Ross, and the former head of North American natural gas trading from British Petroleum, Calvin Schlenker. 

Some of the other notable investors include Roy Salame, former M.D., and a distinguished official at JPMorgan. The unique characteristics of the exchange forum comprises Bitcoin Difficulty Swap, a method to decrease the risks involved in bitcoin mining, and it will assist the hedge with their Difficulty Curve Risk and hash power contract, on the other hand, this feature also sheds more light on the particular coin without the necessity of purchasing a mining rig.

The financial services firm, BitOoda, is registered with U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority and also linked with the Commodity Futures Trading Commission and the National Futures Association. Tim Kelly, the founder, and CEO of BitOoda, is enthusiastic about the exposure of their pioneering success of the unique business model. 

With a vast potential and the financial back-up in hand, BitOoda has strategized to expand its business services in the U.S., Asia, and Europe for fulfilling the increasing demands of their innovation and solutions. These solutions are derived from the company’s vast experience and knowledge in capital markets, engineering, and physics. BitOoda’s approach towards providing solutions is based on a strong foundation of compliance with a blend of traditional expertise and digital science, all in a single platform.

BitOoda’s recent report on the most popular theory, which analyses on global and regulations, has elucidated that the “Cryptocurrency Act of 2020” is a relative U.S. regulatory development dealing with digital assets. The purpose of the mission is to know stated and to clarify which federal agencies regulate digital assets, including cryptocurrencies.

This act will point out in detail what the report comprises of, with regards to those agencies that notify the customers of any Federal Licenses, registrations, and certifications that are required for the trade in such digital assets. The BitOoda buy-in will do general financial services and energy commodity advisory.

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