Former cannabis marketplace pivots to crypto | Decentralized exchange sees increase in volume for privacy coin

Bitcoin $6,482                    Ethereum $204.06 
Crypto Mkt Cap $209B              BTC Dominance 53.70%       

“Money is such a fundamental part of life, and it has played such a huge role in mine, for good and bad. Bitcoin is the awakened sleeping giant of it all because it has fundamentally and forever changed money and, more importantly, money's seat of power.” — Charlie Shrem, Co-founder CryptoIQ

The Big Block

Seed CX got its start as a little-known hemp marketplace but has since made a pivot to another arena that often exists in a regulatory grey area: cryptocurrency. To help build expertise in the digital-asset field it now operates in, Seed CX has brought on a slew of financial-services pros to advise the firm. 

Seed CX, which was founded by 25-year-old Edward Woodford in 2015, recently announced it raised $15 million in a Series B round to build out its institutional trading platform for cryptocurrencies. The round was led by Bain Capital Ventures and the funds will be used for three distinct business units. Seed CX is preparing for a November launch. 

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Around The Block

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