American Perpetuals Exchange Completes $30M Funding Led by Lux Capital

KuCoinFlash

Release Time: 2026/06/19 03:32:24

Summary

American Perpetuals Exchange, a derivatives platform backed by project funding news, has closed a $30 million funding round led by Lux Capital. The firm, owned by the son of Senator Kirsten Gillibrand, plans to pursue CFTC licenses and launch stock and index perpetual futures. While exchange hacks remain a concern for the broader industry, the platform is not focused on crypto products.

Odaily Planet Daily reports that, according to sources, Theodore Gillibrand, son of U.S. Senator Kirsten Gillibrand, has raised $30 million for his derivatives trading platform, American Perpetuals Exchange, led by Lux Capital.

The report states that the platform plans to apply for relevant licenses with the U.S. Commodity Futures Trading Commission (CFTC) and intends to launch stock and stock index perpetual futures products, rather than cryptocurrency perpetual contracts.

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