[2017-05-22] BL: Bitcoin options exchange raises $11.4 million in funding

[polynesia]

Bitcoin options exchange raises $11.4 million in funding

http://www.thehindubusinessline.com/money-and-banking/bitcoin-options-exchange-raises-114-million-in-funding/article9709584.ece

Ledger Holdings, the New York-based parent company of bitcoin options exchange LedgerX, said on Monday that it closed $11.4 million in funding led by Miami International Holdings Inc and China's Huiyin Blockchain Venture Investments.

The funding supports LedgerX's plan to operate a regulated exchange and clearing house for bitcoin and other digital currencies.

LedgerX is awaiting regulatory approval from the Commodity Futures Trading Commission to operate the first U.S. regulated exchange and clearing house for bitcoin options. On approval, participating institutions can use the LedgerX platform to obtain and hedge bitcoin using exchange-traded and centrally cleared options contracts.

“In the short term, these investments will further enhance our application to become a regulated exchange and clearing house for bitcoin options,” Paul Chou, chief executive officer of LedgerX LLC, said in a statement. Chou is also a part of CFTC's Technology Advisory Committee.

[Esphere.in]

There was a time a few months back when everyone were talking about SEC and its ETF approval and now Bitcoin options exchange .These news might give a good rally,from what i understand SEC is already wagging on whether they can approve ETF for a second time and i just want to know what their results are,one thing is sure,there are more interesting news coming in the way of bitcoin.