24 Exchange Secures $7M of Funding

Funding of $7.025m was raised by 24 Exchange, a multi-asset trading platform based in Hamilton, Bermuda.

Morgan Creek Digital, Aspire Financial and Blackwells Capital LLC led the round. There were also individual investors.

The company plans to use the funds for expansion of its multi-asset trading platform that will allow it to include additional asset classes such as cryptocurrencies and equities to institutional market clients.

24 Exchange, led by Dmitri Galininov, is a trading platform for multi-asset classes that allows market participants to trade their exposures at a low cost. The system reduces the cost to exchange assets in global markets, while offering creative workflows that are tailored for each asset class. 24 Exchange Bermuda Limited, 24 Exchange Broker Limited, and 24 Exchange Broker Limited are responsible for operating the system.

The company’s previous capital raise of $14.25m was led by Point72 Ventures last August.

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