Company: DEFI
Filing Date: 2025-03-17
Form Type: S-1/A
Source: 0001387131-25-000058
Chunk: 109

Company: Tidal Commodities Trust I
Filing Date: 2025-03-17
Form: S-1/A
Chunk 109
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| ● | has                                                                                  
 not been declared unlawful by any governmental authority or agency with jurisdiction 
 over the exchange.                                                                   |

Digital asset trading platforms meeting these criteria are used to calculate the price of the bitcoin portion of the Index (the “Index Pricing Sources”). The selection of Index Pricing Sources may evolve from time to time, and Kaiko may make changes to the eligibility requirements. Kaiko reviews the eligibility of digital asset trading platforms for inclusion in the Index two times per year, and such platforms must meet Kaiko’s criteria at the time of such review. As of the date of this prospectus, the following platforms are used to calculate the Index price of bitcoin:

| ● | Bitstamp.                                                                                   
 Bitstamp, founded in 2011, is a cryptocurrency trading platform headquartered in            
 Luxembourg City, Luxembourg. It allows trading between fiat currencies and cryptocurrencies 
 such as Bitcoin, Ethereum, and others. In April 2016, Bitstamp received a license from      
 the Luxembourg government to operate as a fully regulated payment institution across        
 all 28 EU member states.                                                                    |

| ● | BTSE:                                                                                   
 BTSE, established in 2018, is a cryptocurrency trading platform that offers spot        
 and futures trading along with OTC trading and multiple settlement channels. BTSE is    
 capable of 1 million requests per second with self-hosted infrastructure. In 2023, BTSE 
 received an official regulatory registration under the Token and Trustworthy Technology 
 Service Provider Act (TVTG) in Lichtenstein.                                            |

| ● | Coinbase.                                                                                        
 Coinbase, established in 2012, is a cryptocurrency trading platform based in San Francisco,      
 California, USA. It offers a platform for buying, selling, and storing various cryptocurrencies. 
 Coinbase is registered as a Money Services Business with FinCEN in the United States             
 and complies with applicable state money transmission laws and regulations. In April             
 2023, Coinbase's Bermuda division was licensed to operate cryptocurrencies in Bermuda.           |

| ● | Crypto.com.                                                                                
 Crypto.com, founded in 2016, is a cryptocurrency trading platform headquartered in         
 Singapore. It provides a platform for trading, investing, and using cryptocurrencies.      
 In North America, Crypto.com is registered as a Money Services Business with FINTRAC       
 in Canada and FinCEN in the United States. It also holds Money Transmitter Licenses across 
 various U.S. states. In Europe, the company received approval from the UK's Financial      
 Conduct Authority in August 2022 and