Bcause

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Bcause
Bcause.jpg
Founded 2012
Headquarters Virginia Beach, Virginia
Key People Fred Grede, Thomas Flake
Twitter @Bcausellc
Website https://bcause.com

Bcause is a start-up that is developing what it terms "the world’s first full-stack cryptocurrency ecosystem," including mining, spot market trading, and derivatives trading and clearing.[1]

Background

Based in Virginia Beach, VA, and Chicago, IL, Bcause was originally planned as a platform to offer bitcoin options as a hedging tool. Later, the founders identified potentially profitable opportunities in providing infrastructure and services for bitcoin mining as well as offering logistical and support services to both retail and institutional bitcoin miners at its data center. By February 2018, Bcause was running thousands of mining rigs for clients in Asia and the U.S. in an old beverage warehouse in Virginia Beach. [2]

Bcause applied to the Commodity Futures Trading Commission in September 2016 for registration as a designated contract market to trade bitcoin futures.[3] As of May 2018, the application was pending approval. [4]

References