Bitcoin Prices Spike After News of First Regulated U.S. Bitcoin Exchange

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Bitcoin may be getting a boost. Coinbase, a startup that develops a mobile wallet to buy and store the digital currency, announced Monday that it is launching the first licensed Bitcoin exchange in the United States. Its goal is to provide a more “reliable and secure platform” for trading bitcoins. The startup wrote in a blog post “We believe Coinbase Exchange will bring stability and trust to the exchange space,” . Coinbase has been at the forefront of legitimizing — or attempting to legitimize — use of Bitcoins,in part by raising more than 0 million in funding from major Venture Capital firms and even The New York Stock Exchange. News of the exchange helped the price of Bitcoin briefly surge back above 0 early Monday after having collapsed below 0 earlier this month for the first time since late 2013.

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