Exclusive: Son of pro-crypto New York Senator Kirsten Gillibrand raises $30 million to launch a derivatives exchange
Theodore Gillibrand, son of Senator Kirsten Gillibrand, has secured $30 million in funding led by Lux Capital for his new venture, American Perpetuals Exchange Corporation (APEC). APEC aims to launch a regulated derivatives exchange in the U.S. that will focus on perpetual futures for equities and stock indices, rather than cryptocurrencies. This move follows the growing popularity of perpetual futures in both the crypto and traditional finance markets, and APEC plans to seek licensing from the Commodity Futures Trading Commission. AI
