Digital currency investors and miners will be able to hedge the volatile assets under U.S. regulatory oversight for the first time in just a couple of months.

The U.S. Commodity Futures Trading Commission granted LedgerX, a cryptocurrency trading platform operator, registration as a clearing house for derivatives contracts settling in digital currencies, according to a statement by the regulators Monday. With the approval, LedgerX is set to become the first federally regulated digital currency options exchange and clearinghouse in the U.S. as interest and volatility in the method of exchange surges.

“It's an important milestone for the digital currency market broadly,” said Paul Chou, a former Goldman Sachs trader, who is LedgerX's chief executive. “This will pave the way for others globally to look at the space and the appropriate way to regulate a new market like this.”