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Screenshot of a breaking news alert e-mail from Q2 2017
Still awaiting regulatory approval, the we last heard from LedgerX, a swap execution facility (SEF) for bitcoin options was in 2015 when the CFTC issued temporary registration status. Hoping to push forward, the company announced today closing of a Series B round of $11.4 million in financing.
Led by Miami International Holdings Inc. and Huiyin Blockchain Venture Investments, this funding will go to supporting LedgerX’s plan to operate a regulated exchange and clearing house for bitcoin.
Paul Chou, CEO LedgerX LLC said:
In the short term, these investments will further our application to become a regulated exchange and clearing house for bitcoin options. In the long term, these strategic investors will help us enter additional marketplaces and territories.
LedgerX, the New York-based SEF, is currently awaiting regulatory approval from the U.S. Commodity Futures Trading Commission (CFTC) to operate the first U.S. regulated exchange and clearing house for bitcoin options.
Upon approval, participating institutions can use the LedgerX platform to obtain and hedge bitcoin using exchange-traded and centrally-cleared options contracts.