Bitnomial, a bitcoin derivatives exchange with access to the lucrative, and exclusive, U.S. institutional market, has raised $11.6 million in a Series B led by Electric Capital, according to a source familiar with the matter.
With additional participation from Jump Capital, the latest raise will help Bitnomial expand its operations, the source said. The Chicago-based market for physically settled bitcoin futures and options trading already offers both services on margin.
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