Scott Melker: Senator Kirsten Gillibrand’s son raises $30 million for new exchange

Scott Melker: Senator Kirsten Gillibrand’s son raises $30 million for new exchange
Gillibrand’s son raises $30 million

Scott Melker, owner and content creator, reports that Senator Kirsten Gillibrand’s son has raised $30 million to launch a new derivatives exchange valued at $300 million.

The planned platform will focus on offering perpetual futures for equities and indices.

Melker previously pointed to panic selling in crypto markets following a minor BTC sale by Strategy and movements from the Mt. Gox wallets, as reported here. He has also argued that Strategy’s $1.7 billion annual dividend is offset by the average daily trading value of MSTR stock, according to a separate analysis. These topics highlight recent market reactions to institutional activity.

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