Seeking Alpha 2021-12-01 14:28:49

24 Exchange raises $14M investment in round led by Point72 Ventures

Steven Cohen's Point72 Ventures leads a $14.25M funding round for 24 Exchange, a company that's seeking to operate an exchange that allows investors to trade U.S. equities 24/7, 365 days-a-year. The recent funding round will support the expansion of 24 Exchange's multi-asset trading platform to add asset classes including equities and cryptocurrencies. The company recently filed an application in draft form with the U.S. Securities and Exchange Commission for a license to operate a national securities exchange. Founded in 2018, 24 Exchange has started an over-the-counter foreign exchange trading solution. And in September, it completed its first physical cryptocurrency trade under its "class T" digital asset business license from the Bermuda Monetary Authority. "We look forward to putting this additional operating capital to work to further expand our offerings beyond FX Non-Deliverable Forward (NDF) trading, FX Swaps, FX Spot, and our most recent addition, cryptocurrency trading," 24 Exchange CEO and

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