Startup LedgerX LLC has raised funding from Google Ventures and Lightspeed Venture Partners and brought on big financial industry names to its board of directors to add a dose of legitimacy to the virtual currency space as it attempts to set up what would be the first bitcoin options exchange with Uncle Sam's blessing, VentureWire has learned.
Supporters of the company, started this year by former Goldman Sachs high-frequency traders and Massachusetts Institute of Technology-educated computer scientists, believe that a U.S.-regulated, U.S.-based options exchange for bitcoin would settle down some of the volatility of bitcoin prices, give existing businesses that store and trade bitcoin an additional means to hedge their bets, and bring financial institutions who haven't been comfortable with bitcoin so far into the game....
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