Bitcoin derivatives marketplace Bitnomial has raised $11.6 million from investors, according to a new public filing.
The Block previously reported that Bitmonial was seeking to raise as much as $10 million in Series B funding. The money from this fundraising period would support the company’s ambitious plans to create a market-leading bitcoin exchange in the U.S.
Back in April, Bitnomial was one of the select few U.S. businesses to gain approval from CFTC to manage a designated contracts market (DCM). Such approval allowed Bitmonial to offer bitcoin futures and options, as The Block previously reported.