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Coinsetter aims to launch its Bitcoin trading platform in July

 
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06/24/2013 08:21 AM
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Coinsetter aims to launch its Bitcoin trading platform in July
23 June 2013 | Emily Joyce | TheNextWeb.com

Emerging from the spectral edge of online financial markets comes Bitcoin, a crypto-currency that uses a peer-to-peer (P2P) network to process a growing amount of online financial transactions. A self-regulated industry, the flow of Bitcoins between payer and payee enjoys pseudo-anonymity, facilitating black-market dealings such as illicit drugs and online gambling. However, with greater media and investor attention, the demographics of the industry are changing fast.

Enter Coinsetter, a high-performance, U.S.-based leveraged trading platform for Bitcoin that raised $500K this past April from Tribeca Venture Partners and SecondMarket founder and CEO Barry Silbert. Based in New York City’s Fueled Collective, this startup is working to become Wall Street’s professional connection to Bitcoin; its objective is nothing short of legitimizing the Bitcoin industry in the process.

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