According to Odaily, Roxom, a trading platform priced in Bitcoin, has successfully raised $4.3 million in a pre-seed funding round. The investment was led by Draper Associate, a firm under the renowned investor Tim Draper. Other participants in the funding round included Borderless, Cadenza Ventures, Kingsway Capital, NewtopiaVC, and several angel investors.
Roxom is described as the first exchange to price and denominate stocks, commodities, and futures in Bitcoin. The platform allows users to view global markets and conduct transactions using Bitcoin. This innovative approach aims to integrate Bitcoin more deeply into the financial trading ecosystem, providing a unique service for those looking to trade in Bitcoin rather than traditional fiat currencies.
