Bitcoin payments processor Coinbase on Monday launched a regulated exchange in the US for the virtual currency trade.
The launch of a new exchange has taken place just days after the company raised USD 75 million from blue-chip financial institutions like the New York Stock Exchange (NYSE).
According to the company, the Coinbase Exchange intends to stabilize the network of virtual currency bitcoin that has not any central regulator or overseer.
Coinbase customers across 24 states and US territories can immediately start trading on the exchange.
As per an official blog post by the San Francisco-based firm, the new exchange will be charging no fees through March 30 from the customers wishing to trade.
Meanwhile, there were no details of the volumes of new exchange available.
The value of highly volatile bitcoin gained 5.2 percent on Monday afternoon at USD 265.49, according to the reports.