Seedcoin Gives BTC.SX 500 Bitcoins In Funding
01 April, 2014
Bitcoin derivatives trading site BTC.SX has been given 500 bitcoins in funding through seed funding outfit Seedcoin.
The site, which recently had to close temporarily after the demise of partner Mt Gox, is the sixth company to be funded in Seedcoin’s first round, called SF1, which was announced in December.
“Being funded by [SF1] puts us in a great position while we work to build the security, speed and transparency of our trading system,” Joe Lee, the founder of BTC.SX, told CoinDesk. “Being funded means we can proactively work with financial regulators to show them that bitcoin and its growing financial services industry is here to stay.”