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Cryptocurrencies

BCause selects Connamara Systems for new Bitcoin exchange

Friday 17 March 2017 | 01:17 PM CET

BCause, a privately held exchange operator, has selected Connamara Systems as technology platform for a new Bitcoin exchange based and regulated in the US.

Currently pending approval from the Commodity Futures Trading Commission (CFTC) as a fully regulated Designated Contract Market (DCM), BCause plans to be the first exchange to legally offer a variety of derivatives in the US for retail customers based on Bitcoin and other crypto-currencies.

Connamara will be working closely with BCause’s staff on design, testing, and implementation with a targeted production launch coinciding with CFTC approval expected later in 2017.

BCause is focused on helping people legally invest in regulated futures and options for Bitcoin and other crypto-currencies. Furthermore, BCause intends to offer future products to a variety of underserved markets. BCause was founded in 2016 and is based in Virginia Beach, VA.

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