Bitcoin Exchange Coinsetter Seeks to Raise $1.5 Million

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The New York City-based bitcoin exchange Coinsetter has filed to raise up to $1.5 million in venture capitalist funding with the United States Securities and Exchange commission.

The company’s CEO, Jaron Lukasiewicz, said that Coinsetter was only planning to raise $1 million, but would like the flexibility to raise more funding as the exchange prepares to launch to the public. It is currently in private beta.

The company managed to raise about half-million USD back in April of this year, and this next round will certainly go a long way in improving the service, which hopes to attract institutional investors. (via Bloomberg)