On the heels of a $75 million funding round, Bitcoin wallet provider Coinbase has launched the first regulated Bitcoin exchange in the U.S., according to a report from The Wall Street Journal. Coinbase has formally unveiled the service on its blog. The exchange is designed to offer greater security for individuals and businesses to trade Bitcoin and monitor the currency’s price in real time.
Coinbase has regulatory approval for the exchange in 24 U.S. states, including New York and California. The company currently runs exchange services in 19 countries, and spent five months working to get the proper regulatory approvals to expand the service into the U.S., according to the report.