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

The U.S. Commodity Futures Trading Commission granted LedgerX, acryptocurrency trading platform operator, registration as aclearing house for derivatives contracts settling in digitalcurrencies, according to a statement by the regulators Monday.With the approval, LedgerX is set to become the first federallyregulated digital currency options exchange and clearinghouse inthe U.S. as interest and volatility in the method of exchangesurges.

“It's an important milestone for the digital currency marketbroadly,” said Paul Chou, a former Goldman Sachs trader, who isLedgerX's chief executive. “This will pave the way for othersglobally to look at the space and the appropriate way to regulate anew market like this.”