Coinsetter said it would "soon be launching a levered forex trading platform for Bitcoin that enables people to make levered trades on margin and short the Bitcoin market".

Coinsetter, a US-based foreign exchange trading service for virtual currency Bitcoin, has raised $500,000 in its seed round led by Barry Silbert, the chief executive and founder of private deals platform SecondMarket, through his Bitcoin Opportunity Fund.

The other investors included venture capital firm Tribeca Venture Partners – the largest investor in the round – and angel investors Jimmy Furland, software provider Microsoft’s head of corporate strategy Charles Songhurst, Facebook product lead Ben Davenport, and Roger Ver, who had previously…