U.S. Senator Gillibrand’s Son Raises $30 Million to Launch U.S.-Based Perpetual Futures Exchange APEC
According to Fortune, Theodore Gillibrand, son of U.S. Senator Kirsten Gillibrand of New York State, has raised $30 million in funding, valuing his company at approximately $300 million. The company plans to launch a derivatives trading platform named American Perpetuals Exchange Corp. (APEC). The platform intends to apply for a license from the U.S. Commodity Futures Trading Commission (CFTC) and will list perpetual futures on equities and equity indices—not cryptocurrency perpetual contracts.
