LedgerX the parent company of the bitcoin option exchange raised 11.4m USD in Series B funding round.
The startup Miami International Holdings and Huiyin Blockchain Venture Investments led the round for Ledger Holding.
MIH is the parent organization of the Miami International Securities Exchange, LLC, a choices trade administrator. Huiyin Blockchain Venture is a subsidiary of investment blend Huiyin Group, propelled a year ago with a huge number of dollars’ worth of support.
The LedgerX rounds wait for the approval from the Commodity Futures Trading Commission (CFTC) for the bitcoin trading service of LedgerX. In 2015, the firm received the temporary approval from the CFTC that regulated bitcoin and other cryptocurrencies as commodities.
CEO of LedgerX Paul Chou in his statement 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.” – coindesk
The startup gained the sum of $1.5m seed funding from the group includes Lightspeed Venture Partners and Google Ventures.