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Deep Tide TechFlow News, June 19 — According to Fortune, Theodore Gillibrand, the son of New York State Senator Kirsten Gillibrand, completed a $30 million funding round, with the company's valuation around $300 million. They plan to launch a derivatives trading platform called American Perpetuals Exchange Corp. (APEC). The platform intends to apply for a license from the U.S. Commodity Futures Trading Commission and plans to launch perpetual futures for stocks and stock indices, rather than cryptocurrency perpetual contracts.
The report points out that perpetual futures have gained popularity in recent years driven by digital asset trading markets and are gradually entering the regulated U.S. market.