Bitcoin Options Service LedgerX Raises $11.4 Million in Series B Funding

The parent company of bitcoin options exchange operator LedgerX has raised $11.4m in a Series B funding round.

AccessTimeIconMay 22, 2017 at 6:00 a.m. UTC
Updated Sep 11, 2021 at 1:20 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

The parent company of bitcoin options exchange operator LedgerX has raised $11.4m in a Series B funding round.

The round for Ledger Holdings was led by Miami International Holdings and Huiyin Blockchain Venture Investments, the startup announced this morning. MIH is the parent company of Miami International Securities Exchange, LLC, an options exchange operator. Huiyin Blockchain Venture is a subsidiary of investment conglomerate Huiyin Group, launched last year with tens of millions of dollars worth of backing.

The round comes as LedgerX awaits final approval from the Commodity Futures Trading Commission (CFTC) for its bitcoin options trading service. It first received temporary approval from the agency – which regulates bitcoin and other digital currencies as kinds of commodities – in late 2015.

In statements, representatives for the firm highlighted the regulatory push, indicating that the funding would, in part, support those efforts.

LedgerX CEO Paul Chou said in a statement:

"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."

The startup previously raised $1.5m in seed funding from a group that included Google Ventures and Lightspeed Venture Partners.

Image via Shutterstock

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.